BofA raised the firm’s price target on KLA Corp. (KLAC) to $2,100 from $1,850 and keeps a Buy rating on the shares. The firm raised several price targets across semiconductor capital equipment following “strong” Lam Research (LRCX) results, citing higher industry forecasts that should precede broad-based upward estimate revisions, the analyst tells investors.
Claim 55% Off TipRanks
Trade LRCX with leveragePublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KLAC:
- NVDA, AMD, QCOM: Chip Stocks Catch Fire Again after Intel’s Blowout Earnings
- KLA Corp. price target raised to $1,835 from $1,575 at UBS
- KLAC Upcoming Earnings Report: What to Expect?
- KLA Corp. price target raised to $2,000 from $1,850 at Cantor Fitzgerald
- KLA: Well‑Positioned to Capture Accelerating WFE Growth, Supporting a Buy Rating and Attractive Long‑Term Upside