Wells Fargo analyst Joe Quatrochi raised the firm’s price target on KLA Corp. (KLAC) to $1,900 from $1,600 and keeps an Overweight rating on the shares. The firm notes KLA is down after hours due to confusion on its 2026 WFE growth estimate relative to Lam. While elevated valuation required a clean quarter/guide, Wells thinks the negative share reaction is misplaced as estimates increase again. The firm recommends buying on weakness.
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