Morgan Stanley Raises its Price Target on KLA (KLAC)

KLA Corporation (NASDAQ:KLAC) is one of the 15 Best NASDAQ 100 Stocks to Buy Other Than SpaceX.

On July 6, 2026, Morgan Stanley raised the firm’s price target on KLA Corporation (NASDAQ:KLAC) to $274 from $190 and kept an Equal Weight rating on the shares.

On June 30, Susquehanna adjusted the firm’s price target on KLA Corporation to $275. Susquehanna updated its model following channel checks, suggesting an upward revision to SCE backlog now extending beyond one year, with WFE expected to reach as high as $300B. The firm is raising its estimates for 2026 and 2027 and introducing 2028 projections based on WFE of $250B. KLA Corporation previously approved a ten-for-one forward stock split, and shares began trading on a split-adjusted basis at market open on Friday, June 12.

Morgan Stanley Raises its Price Target on KLA (KLAC)

Photo by JESHOOTS.COM on Unsplash

On June 29, Cantor Fitzgerald raised the firm’s price target on KLA Corporation to $325 from $250 and kept an Overweight rating on the shares. Cantor Fitzgerald said the AI infrastructure buildout is viewed as a generational semiconductor cycle, with industry revenue expansion expected to reach roughly $3T by CY29 and potentially exceed $3.5T by CY30.

KLA Corporation (NASDAQ:KLAC) designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide.

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 the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1