KLA (KLAC) is “Terrific,” Says Jim Cramer

We recently published 9 Stocks Jim Cramer Talked About.  KLA Corporation (NASDAQ:KLAC) is one of the stocks on Jim Cramer talked about.

KLA Corporation (NASDAQ:KLAC) is a semiconductor manufacturing equipment and services provider. Its shares are up by 117% over the past year and by 22% year-to-date. Investment bank Morgan Stanley has started the year on a strong note for the firm as it has upgraded KLA Corporation (NASDAQ:KLAC)’s shares to Overweight from Equalweight and bumped the stock price target to $1,694 from $1,214. The investment bank pointed out that the firm can grow its revenue by 16% and 19% in 2026 and 2027, respectively. TD Cowen also upgraded the shares in January as it raised the price target to $1,800 from $1,300 and bumped the rating to Buy from Hold. TD Cowen based its optimism on foundry spending, particularly in the leading-edge sector. In his previous comment about KLA Corporation (NASDAQ:KLAC), Cramer tied the aggressive demand for the firm’s products to the hot data center market and commented that there isn’t enough production capacity to meet the demand for high-end chips. In this appearance, he briefly mentioned the firm:

“KLA, really, really terrific.”

KLA (KLAC) is "Terrific," Says Jim Cramer

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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.