Stifel raises KLA Corporation stock target to $825, maintains buy

KLA’s outlook aligns with industry projections, foreseeing a 5% year-over-year growth in the WFE market, similar to the forecasts by Lam Research Corporation (NASDAQ:LRCX). Positioned to outperform these industry expectations, KLA’s performance and projections have led Stifel to adjust their calendar year 2025 revenue growth estimates to 10.5% year-over-year, up from the previously anticipated 6%.The new price target of $825 reflects a 22x multiple of KLA’s projected peak earnings, as the company continues to navigate the dynamic semiconductor equipment market with a strong footing in process control growth and strategic investments in leading-edge technology. With analyst targets ranging from $655 to $950, investors can access detailed valuation analysis and growth projections through KLA’s comprehensive Pro Research Report on InvestingPro. With analyst targets ranging from $655 to $950, investors can access detailed valuation analysis and growth projections through KLA’s comprehensive Pro Research Report on InvestingPro.

KLA’s outlook aligns with industry projections, foreseeing a 5% year-over-year growth in the WFE market, similar to the forecasts by Lam Research Corporation (LRCX). Positioned to outperform these industry expectations, KLA’s performance and projections have led Stifel to adjust their calendar year 2025 revenue growth estimates to 10.5% year-over-year, up from the previously anticipated 6%.The new price target of $825 reflects a 22x multiple of KLA’s projected peak earnings, as the company continues to navigate the dynamic semiconductor equipment market with a strong footing in process control growth and strategic investments in leading-edge technology. With analyst targets ranging from $655 to $950, investors can access detailed valuation analysis and growth projections through KLA’s comprehensive Pro Research Report on InvestingPro.

KLA’s outlook aligns with industry projections, foreseeing a 5% year-over-year growth in the WFE market, similar to the forecasts by Lam Research Corporation (LRCX). Positioned to outperform these industry expectations, KLA’s performance and projections have led Stifel to adjust their calendar year 2025 revenue growth estimates to 10.5% year-over-year, up from the previously anticipated 6%.The new price target of $825 reflects a 22x multiple of KLA’s projected peak earnings, as the company continues to navigate the dynamic semiconductor equipment market with a strong footing in process control growth and strategic investments in leading-edge technology. With analyst targets ranging from $655 to $950, investors can access detailed valuation analysis and growth projections through KLA’s comprehensive Pro Research Report on InvestingPro.

KLA’s outlook aligns with industry projections, foreseeing a 5% year-over-year growth in the WFE market, similar to the forecasts by Lam Research Corporation (LRCX). Positioned to outperform these industry expectations, KLA’s performance and projections have led Stifel to adjust their calendar year 2025 revenue growth estimates to 10.5% year-over-year, up from the previously anticipated 6%.

The new price target of $825 reflects a 22x multiple of KLA’s projected peak earnings, as the company continues to navigate the dynamic semiconductor equipment market with a strong footing in process control growth and strategic investments in leading-edge technology.

In other recent news, KLA Corporation has been the subject of several revisions and upgrades following strong financial performance. Cantor Fitzgerald increased KLA’s price target to $875, maintaining a neutral rating. The firm anticipates KLA’s earnings per share for 2025 to reach $32.00, surpassing the consensus estimate of $30.16. Needham also raised KLA’s price target to $830, maintaining a buy rating, following KLA’s announcement of strong quarterly performance and future projections. Morgan Stanley (NYSE:MS) increased their price target for KLA to $748, citing stronger equipment results. Goldman Sachs raised their price target to $864, maintaining a buy rating, influenced by KLA’s impressive financial results and positive forecasts.

Despite headwinds from China affecting KLA’s equipment sales and service growth, the company’s financial strength appears more robust than initially anticipated. KLA’s management expects a surge in leading-edge logic manufacturing, which could expand KLA’s share in the wafer fabrication equipment market by 2025. Other recent developments include robust capital expenditure targets announced by Taiwan Semiconductor Manufacturing Co., leading to significant gains in shares of semiconductor equipment manufacturers, including KLA Corporation. These are recent developments in the semiconductor industry.

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