Needham analyst Charles Shi raised the firm’s price target on KLA Corp. (KLAC) to $1,350 from $1,100 and keeps a Buy rating on the shares. The company reported a usual beat-and-raise quarter, and reaffirmed that 2026 will be a growth year, the analyst tells investors in a research note. The rapidly rising process control intensity in leading edge DRAM could continue to benefit KLA in 2026 when DRAM is expected to be the strongest WFE segment, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KLAC:
- KLA Corp. price target raised to $1,485 from $1,070 at JPMorgan
- KLA’s Resilience and Growth Potential Justify Buy Rating Amid Market Shifts
- Balanced Outlook on KLA: Strong DRAM Performance Amidst China Concerns Leads to Hold Rating
- KLA Corp. price target raised to $1,300 from $1,200 at Barclays
- KLA Corporation Exceeds Q1 Earnings Expectations