What the analyst said

Stifel analyst Brian Chin lowered the price target on KLA Corporation (NASDAQ: KLAC) to $230 (from $250) while maintaining a Buy rating.

“KLA earnings quelled any fears of intensifying supply chain constraints with F1Q(Sept) results and F2Q(Dec) guide above ours/cons. estimates, reflecting sequential revenue growth in the low-mid teens and overall calendar 2H growth of +25% over 1H and +46% YY.

OpMs were a record 46.1%. Recall that optics remain a key longer-lead time component for KLA inspection/metrology systems, which did cause growth to lag initially this year.

For CY26, semi process control system revenue is on track to approach +30% YY growth, with service growing at roughly half this rate (mid-teens).

Overall, we believe KLA should be better positioned in CY27 as WFE remains even more biased toward advanced logic/foundry and DRAM greenfield expansions where process control intensity is either highest or improving.

We maintain our Buy-rating. F1Q(Sept) revenue/EPS (non-GAAP) $4.14B/$1.22, versus our $4.03B/$1.16, cons. $4.04B/$1.19, guide $3.8-4.2B/$1.06-1.26 ($4.0B/$1.16 mid-pt).”

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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 $230 target is 5% above the median.

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 recordStifel: 94% of its 33 targets at least a year old were reached within 12 months (#2 of 21 firms). Accuracy ranking →

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, 2026 This noteTarget cut from $250 (−8%)Buy$230
  2. July 29, 2026Target 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

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 EvercoreBuy Cut price target, kept rating Oct 29 $185 CitiBuy Cut price target −5%, kept rating Oct 29 $275from $290
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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.