RBC Capital analyst Srini Pajjuri raised the firm’s price target on KLA Corp. (KLAC) to $1,700 from $1,600 and keeps a Sector Perform rating on the shares. The company’s Q1 results were ahead of estimates while its Q2 outlook was broadly in line as the management raised the 2026 WFE forecast and expects 2027 growth to accelerate based on improving visibility, the analyst tells investors in a research note.
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