ChipsThe Motley Fool2 days ago
Why KLA Corporation Stock Edged Past the Broader Market Today
1 min read
KLA Corporation shares fell 0.2% Wednesday but beat the S&P 500's 1.6% decline after Cantor Fitzgerald analyst C.J. Muse raised the price target 25% to $2,000. The upgrade reflects KLA's increased advanced packaging revenue guidance to $1 billion, driven by AI hardware demand. Muse maintained an overweight rating ahead of KLA's 10-for-1 stock split.
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