TD Cowen analyst Krish Sankar raised the firm’s price target on KLA Corp. to $535 from $410 and keeps a Market Perform rating on the shares. The firm noted its results and outlook were above consensus and AI chip driven inspection demand and some China domestic catchup spending are helping to offset other areas of softness.
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Read More on KLAC:
- KLA Corp (NASDAQ:KLAC) Rises on Wave of Admiration from Wall Street
- KLA Corp. price target raised to $560 from $445 at JPMorgan
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- KLA Corporation Reports Fiscal 2023 Fourth Quarter and Full Year Results
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