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KLA (KLAC) Gets a Buy Rating from Susquehanna

Susquehanna analyst Mehdi Hosseini reiterated a Buy rating on KLA (KLACResearch Report) yesterday and set a price target of $445.00. The company’s shares closed last Thursday at $310.40, close to its 52-week low of $287.44.

According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 9.3% and a 51.5% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.

Currently, the analyst consensus on KLA is a Moderate Buy with an average price target of $423.86, representing a 32.8% upside. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $400.00 price target.

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The company has a one-year high of $457.12 and a one-year low of $287.44. Currently, KLA has an average volume of 1.32M.

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KLA Corp. is a California-based company, which is engaged in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. Its products include manufactured chips, reticle, packaging, surface profilers, nanochemical testers, compound semiconductors and wafer processing solutions.

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