Morgan Stanley analyst Shane Brett raised the firm’s price target on KLA Corp. (KLAC) to $1,900 from $1,809 and keeps an Overweight rating on the shares. Earnings “provided something for both bulls and bears,” namely a stronger 2027 growth outlook, but continued 2026 underperformance, says the analyst. While the firm agrees with the bears on 2026, it would “ultimately align with the bulls,” the analyst tells investors.
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Read More on KLAC:
- KLA Corp. price target raised to $2,100 from $1,900 at Wells Fargo
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