Bernstein Raises KLA Price Target to $1,975 on Strong WFE Forecasts
Bernstein lifted KLA Corp.’s price target by $100 to $1,975 after boosting global wafer fabrication equipment forecasts to $148 billion in 2026, $175 billion in 2027 and $198 billion in 2028, citing 25% DRAM spending growth and China’s $16.1 billion expansion plans. KLA’s shares now outperform the broader technology sector year to date.
1. Bernstein Raises Price Target on WFE Forecast Upgrade
Analyst firm Bernstein raised KLA Corp.’s price target to $1,975 from $1,875 after upgrading global wafer fabrication equipment spending forecasts to $148 billion in 2026, $175 billion in 2027 and $198 billion in 2028. The forecast boost was driven by a projected 25% increase in DRAM equipment investment and revised China WFE demand higher by $2.3 billion in 2026, $6.7 billion in 2027 and $16.1 billion in 2028.
2. KLA Shares Outperform Technology Sector
KLA’s stock has outpaced broader computer and technology indices year to date, reflecting investor enthusiasm around the company’s leading position in wafer fabrication equipment. The outperforming share performance highlights market confidence in sustained multi-year equipment spending and robust memory expansion drivers.