TD Cowen raised the firm’s price target on KLA Corp. (KLAC) to $800 from $770 and keeps a Hold rating on the shares. The firm said they reported another beat/raise quarter on continued strength in demand from leading-edge logic, HBM, and advanced packaging customers. Tariffs not impacting tool demand at this juncture, but higher input costs a 100bps gross margin headwind.
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Read More on KLAC:
- KLA Corp. price target raised to $740 from $700 at Oppenheimer
- KLA Appoints Jamie E. Samath to Board of Directors
- KLA’s Mixed Outlook: Balancing Strong Performance with Margin Pressures and Regulatory Risks
- KLA’s Potential Growth: Buy Rating Reaffirmed Amid Positive Trends
- KLA Corp. price target raised to $740 from $690 at UBS
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