Morgan Stanley Sticks to Their Hold Rating for KLA (KLAC)

In a report released today, Joseph Moore from Morgan Stanley maintained a Hold rating on KLA (KLACResearch Report), with a price target of $358.00. The company’s shares closed last Friday at $335.25.

Moore covers the Technology sector, focusing on stocks such as Nvidia, Micron, and KLA. According to TipRanks, Moore has an average return of 9.5% and a 52.26% success rate on recommended stocks.

Currently, the analyst consensus on KLA is a Strong Buy with an average price target of $403.63.

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KLAC market cap is currently $47.54B and has a P/E ratio of 15.30.

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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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