Stifel Reiterates Buy Rating on KLA Corporation (KLAC) Following Analyst Day

June 16, 2022 1:50 PM EDT
Get Alerts KLAC Hot Sheet
Price: $372.75 -0.47%

Rating Summary:
    19 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 37 | New: 8
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Stifel analyst Patrick Ho reiterated a Buy rating and $505.00 price target on KLA Corporation (NASDAQ: KLAC) following the company's Analyst Day, where management provided a new 2026E target operating model, that they believe displays strong revenue growth and earnings leverage.

The analyst commented, "We are supportive and believers in management’s view that the company can “sustainably outperform” wafer fab equipment industry growth (a key theme throughout the day and applied to its various businesses) and we believe that this will be displayed in strong earnings leverage, which the company has displayed for some time now. As revenues accelerate, so will its cash flow generation, and management noted that it will return a higher percentage of its excess cash to shareholders."

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 $323.79 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities

Stifel, Earnings