KLA Corporation Reports Fiscal 2024 Fourth Quarter Results and Full Year Results

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KLA Corporation (KLAC) PT Raised to $950 at JPMorgan

July 25, 2024 5:11 AM EDT

JPMorgan analyst Harlan Sur raised the price target on KLA Corporation (NASDAQ: KLAC) to $950.00 (from $800.00) while maintaining a Overweight rating.

The analyst comments "KLA delivered strong Jun-Q results (revenues/margins/EPS) above consensus expectations on strong Q/Q trends in its core process control business and its services business, signaling the start of the multi-year ramp/build-out of advanced-node technologies (3nm/2nm) for its foundry/logic and memory customers... More