What the analyst said

Needham analyst Charlies Shi lowered the price target on KLA Corporation (NASDAQ: KLAC) to $200 (from $270) while maintaining a Buy rating.

“KLA reported a strong beat-and-raise quarter and guiding December quarter growth to be 14% QoQ.

After struggling to ramp into this upturn in earlier quarters, KLAC is finally accelerating as its supply finally catches on.

Looking ahead, KLAC sees continued growth in CY27 with C2H stronger than C1H with memory outgrowing foundry/logic.

Our forward estimates are largely maintained while we moved our OpEx estimates slightly higher to account for the need to invest for growth.

Our PT is adjusted lower to $200, 30x our relatively conservative CY28 NG EPS estimate, to reflect sector-wide multiple compression. Maintain Buy.”

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Where the price stands

KLAC trades at $159. The 8 analysts who set a target in the last 3 months range from $185 to $275, with a median of $219. This $200 target is 8% below 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 recordNeedham: 100% of its 6 targets at least a year old were reached within 12 months. Accuracy ranking →

Needham on KLA

Needham price targets on KLA

2 calls from April 30, 2026 to October 29, 2026. The target stayed at $200. The rating stayed Buy.

Needham targetKLAC share price
  1. October 29, 2026 This noteKept the $200 targetBuy$200
  2. April 30, 2026Earliest call shownBuy$200

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

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 StifelBuy Cut price target −8%, kept rating Oct 29 $230from $250 Morgan StanleyBuy Cut price target −10%, kept rating Oct 6 $227from $253
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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.