Wolfe Raises Target for KLA Corp (KLAC) on Growth Forecast

KLA Corporation (NASDAQ:KLAC) ranks among the stocks to invest in before they split next. On April 10, Wolfe Research increased its price target for KLA Corporation (NASDAQ:KLAC) to $2,000 from $1,800 while keeping an Outperform rating on the company’s shares. The firm referenced KLA’s updated forecast at its Investor Day. The company raised its 2026 revenue guidance, predicting a high-teens percentage increase, implying revenue of around $15 billion vs $14.6 billion consensus projections.

The company also marginally raised its 2026 wafer manufacturing equipment forecast, now expecting $135 billion to $140 billion vs $135 billion previously. The new prediction is consistent with competitor Lam Research’s wafer manufacturing equipment estimate.

KeyBanc also reaffirmed its Sector Weight rating for KLA Corporation (NASDAQ:KLAC) on April 8. According to the firm, KLA has a market share of over 56% in the Process Control industry, which is more than six times greater than that of its closest rival. The company’s dominance of the market has resulted in exceptional profits for shareholders, with the stock up 160% over the past year.

KLA Corporation (NASDAQ:KLAC) provides process control, inspection, metrology, and yield management systems, which are critical to advanced semiconductor manufacturing.

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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