Stifel KLA · KLAC

Stifel Reduces KLA Price Target to $250

Analyst: Brian Chin 1 min read Reproduced verbatim
Rating
Buy
Target
$250
from $270 (−7%)
Upside
+81%
KLAC at $138 today
Stifel and KLA logos

What the analyst said

Stifel analyst Brian Chin lowered the price target on KLA Corporation (NASDAQ: KLAC) to $250 (from $270) while maintaining a Buy rating.

“F4Q(Jun) results exceeded ours/consensus estimates and KLA guided for further QQ and YY acceleration into F1Q(Sept) and the backhalf of the year.

Per KLA’s outlook, we now model 2H +20% (versus our prior +15% forecast).

This implies full CY26 revenue growth in the low-20s YY and semi process control system revenue +mid-20s YY, higher than our prior estimates yet shy of baseline WFE industry growth at 30%+ YY.

While this may disappoint somewhat relative to peer growth outlooks, KLA did disclose that its FY-end RPO backlog increased +60% yrto-yr, to $12.5B, aligned with its commentary around extended visibility.

We increase our CY26/27 estimates and initiate CY28 estimates, which reflect sustained earnings growth amidst a WFE spending profile we believe will favor GAA foundry/logic and DRAM/HBM.

Following recent market correction, we lower our PT to $250, which is 35x our CY28 EPS estimate.”

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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 $250 target is 14% above the median.

Since the note KLAC has moved −27% (from $191). 12-month window: day 102 of 365, closes on July 29, 2027.

Track record

This callOpen: KLAC has not reached $250 yet. This 12-month target is scored on July 29, 2027.

Firm track recordStifel: 83% of its 42 targets at least a year old were reached within 12 months (#6 of 26 firms). Accuracy ranking →

Earnings reactionOne of 10 notes after KLA’s Jul 28 results: 2 raised · 7 cut · 1 kept. See every call →

Stifel on KLA

Stifel price targets on KLA

6 calls from January 14, 2026 to October 29, 2026. The target went from $160 to $230 (+44%). The rating stayed Buy.

Stifel targetKLAC share price
  1. October 29, 2026Target cut from $250 (−8%)Buy$230
  2. July 29, 2026 This noteTarget cut from $270 (−7%)Buy$250
  3. July 10, 2026Target raised from $191 (+41%)Buy$270
  4. April 30, 2026Target raised from $170 (+12%)Buy$191
  5. January 30, 2026Target raised from $160 (+6%)Buy$170
  6. January 14, 2026Earliest call shownBuy$160

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.