UBS Lifts PT on KLA Corporation (KLAC) Ahead of Quarterly Earnings

KLA Corporation (NASDAQ:KLAC) is one of the best booming stocks to buy according to hedge funds. On April 21, UBS lifted the price target on KLA Corporation (NASDAQ:KLAC) to $1,835 from $1,575 while reaffirming a Neutral rating on the shares. The firm updated its model on the stock ahead of the quarterly earnings report. KLA Corporation (NASDAQ:KLAC) is set to report fiscal Q3 2026 earnings on Wednesday, April 29, at 2 p.m. PT.

KLA Corporation (KLAC) Is One Of The Most Important Companies In America, Says Jim Cramer

For additional reference, in its financial and operating results for fiscal Q2 2026, KLA Corporation (NASDAQ:KLAC) reported total revenues of $3.30 billion, above the midpoint of the guidance range of $3.225 billion +/- $150 million. Management further reported that GAAP diluted EPS was $8.68 and non-GAAP diluted EPS was $8.85, both above the midpoints of the respective guidance ranges. In addition, cash flow from operating activities for the quarter and last twelve months were $1.37 billion and $4.77 billion, respectively, while free cash flow was $1.26 billion and $4.38 billion, respectively.

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.

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