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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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