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.
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