Cantor Fitzgerald Reiterates Overweight on KLA, $325 PT
Cantor Fitzgerald analyst C.J.
Muse reiterated an Overweight rating and $325 price target on KLA Corporation (NASDAQ: KLAC).
“As largely expected, KLA offered a modest beat and raise with 2H commentary (guiding 2HCY26 revenues +20% H/H) implying December Q revenue guide of $4.49B (above consensus of $4.3B)…our estimates push higher – CY26 EPS $4.53 (cons $4.36), CY27 to $6.15 (cons $5.76), and CY28 to $7.50 (cons $6.68).
Finally, we reiterate our stretch goal of $15+ in EPS into CY30 which supports our $325 price target.
As for shares, we understand the pullback – valuation on CY27/28 estimates are more expensive than many AI peers, particularly Memory and Compute which carry more torque.
On the other hand, KLA is one of the highest quality names in the Semi supply chain and with the strong earnings path we outlined into CY30, we expect shares to grind higher.
To this end, we reiterate our Overweight rating.”
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