Deutsche Bank Assumes KLA Corporation (KLAC) at Buy

Deutsche Bank analyst Mellissa Weathers assumes coverage on KLA Corporation (NASDAQ: KLAC) with a Buy rating and a price target of $800.00.

The analyst comments "We assume coverage of KLAC Corp (Ticker: KLAC) with a Buy rating and $800 P/T. We view KLAC as an early-cycle beneficiary of technology advances at the leading edge, and with large architectural changes to transistors coming in the next 12-24 months, we believe KLAC has a unique opportunity to outperform peers fundamentally. We also are encouraged by the companies relatively de-risked exposure to China compared to peers, and view its valuation to be the most compelling relative to the group. Our price target is based on ~27x our CY25E EPS, a modest premium to semicap peers to reflect upward revision potential from higher process control intensity at major technology ramps."

For an analyst ratings summary and ratings history on KLA Corporation click here. For more ratings news on KLA Corporation click here.

Shares of KLA Corporation closed at $687.12 yesterday.

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