RBC Capital KLA · KLAC

RBC Capital Raises KLA Price Target to $1,700

Analyst: Srini Pajjuri 1 min read Reproduced verbatim
Rating
Sector Perform
Target
$1,700
from $1,600 (+6%)
Outcome
Reached
on September 14, 2026
RBC Capital and KLA logos

What the analyst said

RBC Capital analyst Srini Pajjuri raised the price target on KLA Corporation (NASDAQ: KLAC) to $1,700.00 (from $1,600.00) while maintaining a Sector Perform rating.

“KLA’s results were ahead while its Jun-26Q outlook was broadly inline. Management slightly raised 2026 WFE forecast and expects 2027 growth to accelerate based on improving visibility.

KLAC is benefiting from secular increase in process control intensity and its Services segment is sustaining double-digit growth.

On the other hand, limited upside to C2Q/CY26 outlooks is a surprise given the strong WFE backdrop (likely due to lower DRAM exposure than peers and lack of new process node development at TSM this year).

At 39x CY26 P/E, we do not see many immediate catalysts and maintain Sector Perform.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

KLAC trades at $138. The 11 analysts who set a target in the last 3 months range from $180 to $275, with a median of $220. This $1,700 target is 673% above the median, the highest on the Street.

Since the note KLAC has moved −24% (from $182). 12-month window: day 191 of 365, closes on April 30, 2027.

Track record

This call✓ Target reached on September 14, 2026, 5 months after the note. Prices are split-adjusted.

Firm track recordRBC Capital: 47% of its 17 targets at least a year old were reached within 12 months (#26 of 26 firms). Accuracy ranking →

Earnings reactionOne of 12 notes after KLA’s Apr 29 results: 11 raised · 1 cut · 0 kept. See every call →

RBC Capital on KLA

RBC Capital price targets on KLA

4 calls from January 14, 2026 to July 29, 2026. The target went from $1,550 to $1,800 (+16%). The rating stayed Hold.

RBC Capital targetKLAC share price
  1. July 29, 2026Target raised from $1,700 (+6%)Hold$1,800
  2. April 30, 2026 This noteTarget raised from $1,600 (+6%)Hold$1,700
  3. January 30, 2026Target raised from $1,550 (+3%)Hold$1,600
  4. January 14, 2026Earliest call shownHold$1,550

Targets are adjusted for the 10-for-1 split on Jun 12, 2026, so every call is in the same share terms as this note.

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Other analysts on KLA

BernsteinBuy Cut price target −10%, kept rating Oct 29 $225from $250 CantorBuy Cut price target −31%, kept rating Oct 29 $225from $325 Morgan StanleyBuy Cut price target −3%, kept rating Oct 29 $220from $227 UBSHold Cut price target −5%, kept rating Oct 29 $180from $190 SusquehannaHold Cut price target −12%, kept rating Oct 29 $190from $215
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.