After Jefferies and Bank of America Securities gave KLA (NASDAQ: KLAC) a Buy rating last month, the company received another Buy, this time from Susquehanna. Analyst Mehdi Hosseini reiterated a Buy rating on KLA today and set a price target of $510.00. The company’s shares closed last Thursday at $361.80.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 11.1% and a 53.7% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.
KLA has an analyst consensus of Moderate Buy, with a price target consensus of $473.47, implying a 26.0% upside from current levels. In a report issued on January 14, Jefferies also maintained a Buy rating on the stock with a $515.00 price target.
The company has a one-year high of $457.12 and a one-year low of $273.24. Currently, KLA has an average volume of 1.37M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on KLAC: