Cantor Fitzgerald Reiterates Overweight Rating on KLA (March 9)

Cantor Fitzgerald analyst C.J.

Muse reiterated an Overweight rating and $1,850.00 price target on KLA Corporation (NASDAQ: KLAC).

“KLA is hosting its first Investor Day since June 2022 in New York this week, and we expect the company to offer a bullish outlook on overall Semiconductor/WFE demand and outline a very solid 2030 target model underpinned by a 9-14% topline CAGR and 15-20% EPS CAGR.

More specifically, we look for CY30 earnings power of $78 at the mid-point, or nearly double over four years from our currently modeled CY26 of $41.

Assuming a more robust WFE scenario, we highlight a stretch goal of $100 potentially over time.

With this in mind, we reiterate our Overweight rating and $1,850 price target, reflecting ~30+ % upside from Friday’s close.”

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