BofA analyst Vivek Arya raised the firm’s price target on KLA Corp. (KLAC) to $1,850 from $1,650 and keeps a Buy rating on the shares. The firm suspects there is fear KLA is losing share given WFE mix shift towards memory, but it believes the company could still gain share in a memory-led WFE cycle, the analyst tells investors. The firm has raised its calendar 2026 and 2027 EPS estimates by 5% and 10%, respectively.
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- KLA Corp. price target raised to $1,900 from $1,600 at Wells Fargo
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