KLA Corp. price target raised to $1,850 from $1,750 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on KLA Corp. (KLAC) to $1,850 from $1,750 and keeps an Overweight rating on the shares. KLA issued a more conservative WFE outlook than Lam Research (LRCX), citing timing effects, lithography-linked spending, and lower NAND and DRAM exposure, though this appears partly driven by cautious bar-setting rather than a weaker cycle, the analyst tells investors in a research note. Despite near-term investor concerns, the broader view remains a multi-year WFE upcycle with scope for upward revisions to KLA’s guidance and earnings as the year progresses, the firm says.