Stocks On The Rise: 10 Best Stocks to Invest In

8. KLA Corporation (NASDAQ:KLAC)

Number of Hedge Fund Holders: 71

KLA Corporation (NASDAQ:KLAC) is one of the best stocks on the rise to invest in. Susquehanna adjusted the price target on KLA Corporation (NASDAQ:KLAC) to $275 from $1,700 on June 30 and maintained a Neutral rating on the shares. The firm updated its model on the stock after channel checks suggesting an upward revision to SCE backlog now extending beyond one year, with WFE expected to reach as high as $300B. Susquehanna also stated that it is now raising its estimates for 2026 and 2027 and introducing 2028 projections based on WFE of $250B. KLA Corporation (NASDAQ:KLAC) previously approved a ten-for-one forward stock split of the company’s outstanding shares, and the shares began trading on a split-adjusted basis at market open on Friday, June 12.

In another development, Barclays raised the price target on the stock to $2,250 from $1,700 on June 11 and maintained an Overweight rating on the shares. The firm told investors in a research note that it raised its estimates for wafer fab equipment, reasoning that the capex cycle is “much stronger across the board.”

KLA Corporation (NASDAQ:KLAC) is involved in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. The company’s operations are divided into the following operations: Semiconductor Process Control, Specialty Semiconductor Process, and PCB, Display and Component Inspection.