Is KLA Corporation (KLAC) One of the Best AI Memory Stocks to Buy in 2026?

KLA Corporation (NASDAQ:KLAC) is one of the best AI memory stocks to buy in 2026. The stock has gained 113.61% YTD and is gaining attention due to its strength. It has received several rating updates in recent days, with Barclays raising the price target on the stock to $2,250 from $1,700 on June 11 and maintaining an Overweight rating on the shares. The firm told investors in a research note that it raised its estimates for wafer fab equipment, reasoning that the capex cycle is “much stronger across the board.” It added that over $200 billion in sales looks likely in 2027, but the “world has moved to 2028 already”, and so it raised price targets in the wafer fab equipment group.

KLA Corporation (NASDAQ:KLAC) also received a rating update from Cantor Fitzgerald on June 10, with the firm lifting the price target on the stock to $2,500 from $2,000 and reaffirming an Overweight rating on the shares. The firm believes that the semi equipment industry is in the “early innings of a multi-year supply-constrained and durable upcycle” and told investors in a research note that the outlook has improved over the last three months, with bookings visibility now beginning to extend into 2028.

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.

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