KLA Corp. price target raised to $2,000 from $1,900 at Oppenheimer

Oppenheimer analyst Edward Yang raised the firm’s price target on KLA Corp. (KLAC) to $2,000 from $1,900 and keeps an Outperform rating on the shares. The firm notes KLA’s Q3 modest beat/raise would have been better, but for recurring DRAM-cost and tax, Investor Day estimate increases just a month ago, and Supply/fab constraints temporarily capping revisions to stronger than expected demand until 2027. The stock is under pressure from general AI capex anxiety rather than company-specific issues, Oppenheimer adds.