KLA Corp. price target raised to $1,154 from $1,093 at Morgan Stanley

Morgan Stanley raised the firm’s price target on KLA Corp. (KLAC) to $1,154 from $1,093 and keeps an Equal Weight rating on the shares. KLA reported September quarter results above the firm’s estimates and guided to a December quarter broadly in-line with the firm’s and buyside expectations, the analyst tells investors. KLA “dispelled concerns” about RPO and DRAM and is setting up for a strong 2026-2027, the analyst added.