KLA Corp. price target raised to $950 from $740 at Oppenheimer

Oppenheimer raised the firm’s price target on KLA Corp. (KLAC) to $950 from $740 and keeps an Outperform rating on the shares after meeting with the company’s management. This reinforced certitude in KLA’s leading edge dominance and market share gains in AI-driven niches like Advanced Packaging, where the market is naturally converging on its tech, the firm says. The tone was confident and reassuring, important given the April postponement of Investor Day despite a strong Q3 double-beat, as management awaits greater clarity on policy-induced macro risks, adds Oppenheimer. KLA previously saw no shift in customer behavior or orders, though the firm remains more cautious on potential lagged trade war impacts on an extended WFE cycle.