TD Cowen analyst Krish Sankar upgraded KLA Corp. (KLAC) to Buy from Hold with a price target of $1,800, up from $1,300. The firm’s updated wafter fab equipment work points to leading-edge foundry as the fastest-growing pocket of spend in 2026 and 2026. Street expectations for KLA’s 2027 of 10% revenue growth effectively embed flat market share, the analyst tells investors in a research note. TD disagrees. It models the company’s share rising from 8.3% in 2025 to 9.5% in 2027, implying KLA continues to outgrow WFE as spend shifts toward leading-edge foundry and DRAM.
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