Morgan Stanley lowered the firm’s price target on KLA Corp. (KLAC) to $703 from $746 and keeps an Equal Weight rating on the shares. Following record Wafer Fab Equipment growth in 2024, lead by DRAM and China, the firm forecasts 2025 to be “a transition year” and projects the WFE market to decline 6% year-over-year as the industry digests capacity from 2024, the analyst tells investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio