Oppenheimer Raises PT on KLA (KLAC) Stock to $1,900

KLA Corporation (NASDAQ:KLAC) is one of the Best Semiconductor Stocks to Invest In Now. On March 13, Oppenheimer lifted its price objective on the company’s stock to $1,900 from $1,800, while keeping an “Outperform” rating, as reported by The Fly. As per the firm, KLA Corporation (NASDAQ:KLAC)’s Investor Day was significantly more positive than the expectations, raising the near and long-term targets. The firm also noted that the company is among the highest-quality growth franchises in semicap.

Oppenheimer Raises PT on KLA (KLAC) Stock to $1,900

In a different update, Jefferies analyst Blayne Curtis reduced the firm’s price objective on KLA Corporation (NASDAQ:KLAC)’s stock to $1,700 from $1,850, while keeping a “Buy” rating. As per the analyst, the firm is optimistic about the company’s improved near-term outlook. The targets for 2030 assume higher capital intensity and share. Therefore, the company can see the high-end of its long-term range to $26 billion in revenue and $84 in EPS.

KLA Corporation (NASDAQ:KLAC) is involved in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries.

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.

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