What the analyst said

Evercore ISI analyst Mark Lipacis lowered the price target on KLA Corporation (NASDAQ: KLAC) to $185 while maintaining an Outperform rating.

“KLAC SepQ EPS beat by 3%, and DecQ EPS outlook 5% above consensus as improving supply unlocked faster growth.

Mgmt. raised 2026 WFE to mid-$150bn and introduced 2027 WFE >$200bn, with cleanroom and component availability limiting growth.

This supports our view that AI memory and leading-edge F&L investments will drive further earnings upside, though we have argued that Semis are in the “Late Innings of the Cycle” and we expect earnings upside to be partially offset by P/E contraction in the near term.

Lowering PT to $185 on lower P/E (30x on 2028 EPS of $7.5).”

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Where the price stands

KLAC trades at $159. The 10 analysts who set a target in the last 3 months range from $185 to $275, with a median of $219. This $185 target is 15% below the median, the lowest on the Street.

12-month window: day 0 of 365, closes on October 29, 2027.

Track record

This callOpen: a 12-month target, scored on October 29, 2027, a year after the note.

Firm track recordEvercore: 100% of its 11 targets at least a year old were reached within 12 months. Accuracy ranking →

Evercore on KLA

Evercore price targets on KLA

2 calls from January 26, 2026 to October 29, 2026. The target went from $170 to $185 (+9%). The rating stayed Buy.

Evercore targetKLAC share price
  1. October 29, 2026 This noteTarget raised from $170 (+9%)Buy$185
  2. January 26, 2026Earliest call shownBuy$170

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

SusquehannaHold Cut price target −12%, kept rating Oct 29 $190from $215 JP MorganBuy Raised price target +1%, kept rating Oct 29 $240from $238 Wells FargoBuy Cut price target −14%, kept rating Oct 29 $210from $245 CitiBuy Cut price target −5%, kept rating Oct 29 $275from $290 StifelBuy Cut price target −8%, kept rating Oct 29 $230from $250
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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.