KLA Corp. price target raised to $1,750 from $1,500 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on KLA Corp. (KLAC) to $1,750 from $1,500 and keeps an Overweight rating on the shares. Despite recent outperformance, conviction remains high as rising wafer fabrication equipment through CY26-28 is expected to drive strong secular growth, supporting an “All-In” stance, the analyst tells investors in a research note. The overweight positioning in large-cap semiconductor capital equipment names is unchanged, reflecting confidence that the group remains in the early stages of the investment cycle, Cantor adds.