9 Stocks Jim Cramer Talked About

2. KLA Corporation (NASDAQ:KLAC)

Number of Hedge Fund Holdings: 61

KLA Corporation (NASDAQ:KLAC) is a semiconductor manufacturing equipment and services provider. Its shares are up by 117% over the past year and by 22% year-to-date. Investment bank Morgan Stanley has started the year on a strong note for the firm as it has upgraded KLA Corporation (NASDAQ:KLAC)’s shares to Overweight from Equalweight and bumped the stock price target to $1,694 from $1,214. The investment bank pointed out that the firm can grow its revenue by 16% and 19% in 2026 and 2027, respectively. TD Cowen also upgraded the shares in January as it raised the price target to $1,800 from $1,300 and bumped the rating to Buy from Hold. TD Cowen based its optimism on foundry spending, particularly in the leading-edge sector. In his previous comment about KLA Corporation (NASDAQ:KLAC), Cramer tied the aggressive demand for the firm’s products to the hot data center market and commented that there isn’t enough production capacity to meet the demand for high-end chips. In this appearance, he briefly mentioned the firm:

“KLA, really, really terrific.”