Citi analyst Atif Malik raised the firm’s price target on KLA Corp. to $760 from $725 and keeps a Buy rating on the shares. KLA reported a “beat and raise” quarter and expects wafer fab equipment to be flat to up in 2024, the analyst tells investors in a research note. Overall, the firm continues to believe the semiconductor capital group remains in “Phase 2 recovery” with upside to Street 2025 WFE expectations driving further positive revisions for the group and KLA.
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Read More on KLAC:
- KLA Corp. price target raised to $750 from $625 at Raymond James
- KLA Corp. price target raised to $700 from $650 at TD Cowen
- KLA Corp. price target raised to $630 from $550 at Barclays
- KLA Corp. sees Q4 adjusted EPS $6.07 +/- 60c, consensus $5.68
- KLA Corporation Reports Fiscal 2024 Third Quarter Results
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