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.

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