KLA Corp. price target raised to $500 from $425 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on KLA Corp. to $500 from $425 and keeps an Underweight rating on the shares. The analyst rolled out 2025 numbers across the semiconductor and semi cap equipment space and prefers names levered to the “2nd Wave” of artificial intelligence. The target change is part of the firm’s 2024 outlook.