Morgan Stanley raised the firm’s price target on KLA Corp. (KLAC) to $916 from $868 and keeps an Overweight rating on the shares. Following the firm’s Asia trip, it revised up its 2025 China wafer fab equipment forecast from down 12% year-over-year to down 3%. The firm added that its biggest takeaway from the trip was the indication that China will come in far stronger in the second half versus the first half.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KLAC:
- KLA Corp. price target raised to $916 from $868 at Morgan Stanley
- QQQ ETF News, 6/26/2025
- KLA Corp. price target raised to $950 from $800 at Cantor Fitzgerald
- KLA Corp. price target raised to $950 from $740 at Oppenheimer
- KLA’s Dominance and Growth Potential Justify Buy Rating with $900 Price Target