Susquehanna raised the firm’s price target on KLA Corp. (KLAC) to $1,700 from $1,600 and keeps a Neutral rating on the shares. The firm updated its estimates to reflect a balance risk/reward profile at current levels. The thesis rests on the baseline assumption that its end-market revenue mix characterized by below-peer average exposure to memory, will result in revenue growth that, at best, tracks the broader WFE CAGR over the cycle.
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Read More on KLAC:
- KLA Corp. price target raised to $2,100 from $1,900 at Wells Fargo
- KLA Corp. price target raised to $2,000 from $1,700 at Jefferies
- Closing Bell Movers: Meta falls 6%, Alphabet jumps 6% after earnings
- KLA Corp. reports Q3 adjusted EPS $9.40, consensus $9.17
- KLA Corp. sees Q4 non-GAAP EPS $8.87-$10.87, consensus $9.83