Needham raised the firm’s price target on KLA Corp. (KLAC) to $2,000 from $1,800 and keeps a Buy rating on the shares. The company reported a beat and raise quarter but arguably the beat may be somewhat light relative to high expectations, the analyst tells investors in a research note. Needham adds however that the company is very confident on 2027 acceleration, which may lead to outperformance for shares as deceleration is more likely for peers.
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