Oppenheimer Raised the Firm’s PT on KLA Corporation (KLAC), Kept an Outperform Rating

KLA Corporation (NASDAQ:KLAC) is one of the Best Performing Quantum Computing Stocks So Far in 2025On August 1, Oppenheimer raised the firm’s price target on KLA Corporation (NASDAQ:KLAC) from $950 to $1,000, while maintaining an Outperform rating on the stock.

The increased price target follows the company’s Q4 2025 earnings release, where the company exceeded expectations. KLA Corporation (NASDAQ:KLAC) reported revenue of $3.17 billion, reflecting a 23.59% year-over-year increase and ahead of expectations by $94.87 million. Moreover, the EPS of $9.38 also beat consensus by $0.83.

Oppenheimer Raised the Firm’s PT on KLA Corporation (KLAC), Kept an Outperform Rating

The inner workings of a semiconductor manufacturing facility, neon hued machines humming with activity.

The firm noted that the company forecasts for Q1 2026 also exceed consensus estimates by 3% and 4% for revenue and EPS, respectively. The firm highlighted that key drivers for this growth include strong demand for AI-related technology and its N2 logic chips. Moreover, the rising process control intensity and gains in the advanced packaging segment are contributing to growth.

KLA Corporation (NASDAQ:KLAC) makes advanced equipment and software used to inspect and control the manufacturing process of semiconductor chips. The company’s technologies are also used to manufacture quantum devices.

While we acknowledge the potential of KLAC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than KLAC and that has 100x upside potential, check out our report about this cheapest AI stock.

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