Susquehanna analyst Mehdi Hosseini raised the firm’s price target on KLA Corp. to $560 from $490 and keeps a Positive rating on the shares. The firm said the company outperformed consensus top/bottom-line June quarter estimates and September quarter guide outperformed top and bottom line estimates as revenue is expected to stabilize to flattish.
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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
- KLA Corp. price target raised to $425 from $400 at Barclays
- KLA Corporation Reports Fiscal 2023 Fourth Quarter and Full Year Results
- KLA Corp. sees Q1 adjusted EPS $5.35 +/- 60c, consensus $4.74