KLAC Price Prediction Next Week
Based on the provided data and market context, here's the analysis for KLAC's stock price prediction for next week:
Technical Analysis
KLAC is currently trading at $749.82, showing a bearish trend in the short term after hitting resistance around $765 level. The stock has formed a pivot top on January 22, 2025, and has fallen 2.86% since then, suggesting further downside potential until a new bottom pivot is established.
Key Technical Indicators:
- RSI(14) at 68.35 indicates the stock is approaching overbought territory
- MACD at 29.22 remains positive but showing signs of weakening momentum
- Support level identified at $747.26
- Resistance level at $757.47
News Sentiment Analysis
Recent key developments affecting KLAC:
Upcoming Earnings: KLAC will report Q2 earnings on January 30, 2025 (AMC). Analysts expect EPS of $7.73, representing a 25.5% YoY growth.
Analyst Coverage: Recent analyst actions have been mixed:
- Goldman Sachs lowered price target to $759 from $850
- Wells Fargo lowered to $795 from $800
- Morgan Stanley lowered to $703 with Equal-Weight rating
Price Prediction for Next Week
Based on technical and fundamental analysis:
Expected trading range: $726.56 - $773.08 with a volatility of ±3.10%
Probability scenarios:
Bearish case (60%): Drop to $720-730 range due to:
- Overbought RSI conditions
- Recent pivot top formation
- Pre-earnings profit taking
Neutral case (30%): Consolidation between $745-760
- Strong support at $747.26
- Upcoming earnings acting as catalyst
Bullish case (10%): Break above $775
- Would require very strong earnings beat
- Positive semiconductor sector sentiment
Trading Recommendation: SELL
Rationale:
- Technical indicators suggest overbought conditions
- Formation of pivot top pattern
- Pre-earnings uncertainty
- Recent analyst downgrades
Set stop-loss at $717.05 (-4.37% from current price)
KLAC Similar Chart Price Prediction
The price of KLAC is predicted to go up -5.71%, based on the high correlation periods with MPAA. The similarity of these two price pattern on the periods is 98.45%.
KLAC
MPAA
Down: -5.71%Similarity: 98.45%
KLAC Revenue Forecast
KLAC EPS Forecast
KLAC FAQs
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KLAC VS S&P500
KLA dominates the process control market within WFE, with a majority market share more than quadrupling that of its next closest competitor, Applied Materials.
Rising complexity in chips should drive demand for KLA's equipment, including progression to chiplet-based designs, gate all-around transistors, and high-bandwidth memory.
KLA posts the best profit margins and provides the best dividend yield of any WFE firm under our coverage.
KLAC Analyst's Forecast
Krish Sankar
TD Cowen
Hold
Price Target
$760 → $725
Upside
+8.82%
TD Cowen lowered the firm's price target on KLA Corp. to $725 from $760 and keeps a Hold rating on the shares. The firm said they reported another beat/raise quarter on strong foundry/logic spending at 2nm/3nm nodes and services demand, driving high-teen% H2/H1 growth.
Edward Yang
Oppenheimer
Hold → Buy
Price Target
$750 → $850
Upside
+27.58%
Sidney Ho
Deutsche Bank
Strong Buy
Price Target
$890 → $750
Upside
+12.57%