Is KLA Corporation (KLAC) One of the Best Stocks on the Rise to Invest In?

KLA Corporation (NASDAQ:KLAC) is one of the best stocks on the rise to invest in. Susquehanna adjusted the price target on KLA Corporation (NASDAQ:KLAC) to $275 from $1,700 on June 30 and maintained a Neutral rating on the shares. The firm updated its model on the stock after channel checks suggesting an upward revision to SCE backlog now extending beyond one year, with WFE expected to reach as high as $300B. Susquehanna also stated that it is now raising its estimates for 2026 and 2027 and introducing 2028 projections based on WFE of $250B. KLA Corporation (NASDAQ:KLAC) previously approved a ten-for-one forward stock split of the company’s outstanding shares, and the shares began trading on a split-adjusted basis at market open on Friday, June 12.

KLA Corporation (KLAC) Is One Of The Most Important Companies In America, Says Jim Cramer

In another development, Barclays raised the price target on the stock to $2,250 from $1,700 on June 11 and maintained 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.”

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.

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.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1