KLA Corp (KLAC) has seen a price increase of 4.98% in pre-market trading, reaching a 52-week high.
Analysts at Bernstein have upgraded KLA to an outperform rating, setting a price target of $1,700, which reflects strong confidence in the company's market position and growth potential. KLA holds a 57% market share in the process control segment of wafer fabrication equipment, and the segment is projected to grow at an 11% CAGR from 2024 to 2029, indicating significant revenue opportunities. This upgrade is expected to attract more investor attention and bolster confidence in KLA's future performance.
The positive outlook from analysts, combined with KLA's strong market share and growth potential, positions the company favorably in the semiconductor equipment sector, likely leading to increased investor interest and capital inflow.
Wall Street analysts forecast KLAC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for KLAC is 1393 USD with a low forecast of 1214 USD and a high forecast of 1750 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
Wall Street analysts forecast KLAC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for KLAC is 1393 USD with a low forecast of 1214 USD and a high forecast of 1750 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Buy
6 Hold
0 Sell
Moderate Buy
Current: 1627.200
Low
1214
Averages
1393
High
1750
Current: 1627.200
Low
1214
Averages
1393
High
1750
Deutsche Bank
Hold
to
Hold
upgrade
2026-01-21
Reason
Deutsche Bank
Price Target
AI Analysis
2026-01-21
upgrade
Hold
to
Hold
Reason
Deutsche Bank raised the firm's price target on KLA Corp. to $1,560 from $1,250 and keeps a Hold rating on the shares. The firm updated the company's model ahead of the earnings report.
UBS
Neutral
maintain
2026-01-20
Reason
UBS
Price Target
2026-01-20
maintain
Neutral
Reason
UBS raised the firm's price target on KLA Corp. to $1,635 from $1,260 and keeps a Neutral rating on the shares. KLA Corp.'s Q2 revenue is modeled at about $3.3B, reflecting its historical tendency to exceed guidance, with Q3 projected around $3.4B, slightly above Street, factoring in shipment catch-up after the BIS Affiliates rule reversal, the analyst tells investors in a research note. Management is expected to sound bullish on 2026 WFE, with KLA likely maintaining flat WFE share despite prior assumptions of share loss, UBS adds.
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Needham
Strong Buy
upgrade
2026-01-20
Reason
Needham
Price Target
2026-01-20
upgrade
Strong Buy
Reason
Needham raised the firm's price target on KLA Corp. to $1,800 from $1,350 and keeps a Strong Buy rating on the shares. Commentary from the Needham Growth Conference pointed to broad-based demand improvement over the past 90 days, supporting a bullish sector outlook, the analyst tells investors in a research note. Despite strong year-to-date performance, the direction for semicap remains positive, with Q4 earnings expected to deliver multiple catalysts, the firm says.
Cantor Fitzgerald
Overweight
maintain
2026-01-08
Reason
Cantor Fitzgerald
Price Target
2026-01-08
maintain
Overweight
Reason
Cantor Fitzgerald raised the firm's price target on KLA Corp. to $1,750 from $1,500 and keeps an Overweight rating on the shares. Despite recent outperformance, conviction remains high as rising wafer fabrication equipment through CY26-28 is expected to drive strong secular growth, supporting an "All-In" stance, the analyst tells investors in a research note. The overweight positioning in large-cap semiconductor capital equipment names is unchanged, reflecting confidence that the group remains in the early stages of the investment cycle, Cantor adds.
About KLAC
KLA Corporation is a supplier of process control and yield management solutions and services for the semiconductor and related electronics industries. The Company offers a portfolio of inspection and metrology products, and related services, software and other offerings, supports research and development (R&D) and manufacturing of integrated circuits (ICs), wafers and reticles. Its segments include Semiconductor Process Control, Specialty Semiconductor Process, and PCB and Component Inspection. Semiconductor Process Control segment provides comprehensive portfolio of inspection, metrology and software products, as well as related services, helping IC, wafer, reticle/mask and chemical/materials manufacturers achieve target yields throughout the entire fabrication process, from R&D to final volume production. The Specialty Semiconductor Process segment develops and sells advanced vacuum deposition and etch process tools, which are used by a range of specialty semiconductor customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
