Cantor Fitzgerald Raises Price Target for KLA Corp. (KLAC)

KLA Corp. (NASDAQ:KLAC) is one of the 10 best AI chip stocks to buy according to hedge funds.

On March 30, Cantor Fitzgerald increased the price target on KLA Corp. (NASDAQ:KLAC) from $1,850 to $2,000. The firm maintained an Overweight rating on the stock, which now yields an adjusted upside potential of almost 32% at the prevailing level.

The firm attributed this adjustment to certain favorable trends within the industry. According to Cantor Fitzgerald, this marks the beginning of a multi-year secular upturn within the Semi Equipment industry.

On March 13, Blayne Curtis from Jefferies reduced the price target on KLA Corp. (NASDAQ:KLAC) from $1,850 to $1,700. The analyst reaffirmed his Buy rating on the stock, which still offers potential upside in excess of 12% despite the downward revision.

Curtis retains a positive sentiment towards the company’s near-term prospects. He also reflected upon a higher level of capital intensity and market share expected by 2030. This would result in company revenues reaching $26 billion, along with earnings per share of $84.

KLA Corp. (NASDAQ:KLAC) engineers and markets process control and yield management systems for the semiconductor and electronics industry around the world. To help chipmakers make their processes efficient the company provides a wide range of wafer inspection tools, metrology equipment, and specialized software. It also offers etch, deposition, and direct imaging technologies.

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