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

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.

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