Citi raised the firm’s price target on KLA Corp. (KLAC) to $1,800 from $1,450 and keeps a Buy rating on the shares. The firm, which views KLA’s wafer fab equipment commentary to be “largely consistent” with peer Lam Research (LRCX), believes the group remains in a “Phase 2 upcycle” with further upside as investors shift focus to 2027.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 $1,600 from $1,550 at RBC Capital
- Morning Movers: SanDisk and Deckers Outdoor surge after quarterly results
- Invesco QQQ Trust ETF (QQQ) Daily Update, 1/30/2026
- KLA Corp. price target raised to $1,751 from $1,697 at Morgan Stanley
- KLA Corp. price target raised to $1,800 from $1,400 at Oppenheimer