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.

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.

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