15 Best Technology Stocks to Buy for the Long Term

Page 12 of 14

3. KLA Corporation (NASDAQ:KLAC)

KLA Corporation (NASDAQ:KLAC) is one of the Best Technology Stocks to Buy for the Long Term. KLA Corporation (NASDAQ:KLAC) is down more than 15% since the release of its fiscal Q2 2026 earnings reported on January 29. Wall Street remains bullish on the stock with analysts 12-month average price target reflecting 23.15% upside.

Recently, on February 25, Morgan Stanley reiterated a Buy rating on the stock and raised the firm’s price target from $1,751 to $1,809. The firm cited raising 2026 and 2027 wafer fab equipment growth forecasts. Morgan Stanley expects wafer fab equipment to grow by 23% in 2026, up from the previous expectation of 13%, and by 27% in 2027, up from the previous expectation of 19%. The improved outlook is based on increased DRAM memory spending told the firm in a research note.

The drop in share price comes despite revenue and EPS exceeding expectations. KLA Corporation (NASDAQ:KLAC) posted $3.30 billion in quarterly revenue, up 7.16% year-over-year and ahead of expectations by $46.47 million. The EPS of $8.85 also topped expectations by $0.05.

KLA Corporation (NASDAQ:KLAC) is involved in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. The company’s operations are divided into the following operations: Semiconductor Process Control, Specialty Semiconductor Process, and PCB, Display, and Component Inspection.

Page 12 of 14