Barlcays Lifts KLA (KLAC) Price Target by $500. Here is Why

KLA Corporation (NASDAQ:KLAC) is included among the 14 Best S&P 500 Stocks to Buy Now According to Analysts.

Barlcays Lifts KLA (KLAC) Price Target by $500. Here is Why

KLA Corporation (NASDAQ:KLAC) develops industry-leading equipment and services that enable innovation throughout the electronics industry. The company provides advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuits, packaging, and printed circuit boards.

On June 11, Barclays analyst Tom O’Malley raised the firm’s price target on KLA Corporation (NASDAQ:KLAC) from $1,750 to $2,250, while maintaining an ‘Overweight’ rating on the shares. The target boost indicates a massive upside of 784% from the current price level.

The move comes after Barclays lifted its forecasts for the wafer fabrication equipment sector, citing a capex cycle that is significantly stronger across the board. According to the analyst, industry sales are expected to cross the $200 billion mark in 2027, although investor focus has already shifted towards growth expectations for 2028. As a result, Barclays raised its price targets across the wafer fab equipment group.

Similarly, earlier on June 10, Cantor Fitzgerald also upped its price target on KLA Corporation (NASDAQ:KLAC) from $2,000 to $2,500 and kept its ‘Overweight’ rating on the shares.

While we acknowledge the risk and potential of KLAC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than KLAC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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