Raymond James analyst Srini Pajjuri raised the firm’s price target on KLA Corp. to $875 from $750 and keeps an Outperform rating on the shares. The firm expects SemiCap sector fundamentals to remain strong into 2025 due to secular growth from Gen AI, aggressive government subsidies around the world, multiple technology transitions, and intensifying competition among foundry suppliers, the analyst tells investors in a research note.
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