SStifel KKLA · KLAC
Stifel Bumps KLA Price Target to $270
Rating
Buy
Price target
$270
Previous
$191
Implied upside
+18%
Stifel analyst Brian Chin raised the price target on KLA Corporation (NASDAQ: KLAC) to $270 (from $191) while maintaining a Buy rating.
“We expect KLA to modestly exceed our estimates; we model semi process control system revenue $2.5B (+6.4% QQ), slightly above overall revenue which includes service and other equipment.
KLA previously guided for process control sales to skew more heavily foundry/logic at 82% versus 18% for memory, we see this normalizing (~65-70% foundry/logic) by late yr/early next, albeit with both areas remaining strong.”
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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.
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