KLA Corp. price target raised by $40 at Deutsche Bank, here’s why

Deutsche Bank raised the firm’s price target on KLA Corp. to $560 from $520 but keeps a Hold rating on the shares as part of a broader research note previewing 2024 for U.S. Semicap Equipment names. The firm states that for large-cap stocks, it is targeting earnings multiples that are slightly above the 5-year medians as it sees potential upside to WFE spending in 2025.