KLA Corporation Price Target Raised to $2,500, Implies 16.9% Upside
KLAC•Cantor Fitzgerald lifted KLA Corporation’s price target to $2,500, implying a 16.9% upside. KLA aims for 13–17% revenue CAGR through 2030 driven by wafer equipment market growth and AI demand, after Q3 revenues rose 11% to $3.42 billion and process control share gained 360 bps.
1. Analyst Upgrade
Cantor Fitzgerald raised KLA Corporation’s price target from $2,000 to $2,500, implying a 16.9% potential upside based on current share levels.
2. Growth Targets
KLA targets a 13–17% revenue compound annual growth rate through 2030, fueled by an expanding $215 billion wafer equipment market and surging AI semiconductor demand, with advanced packaging revenues set to rise from $635 million in 2025 to $1 billion in 2026.
3. Q3 Financial Results
In its third fiscal quarter, KLA reported an 11% year-over-year revenue increase to $3.42 billion and expanded its process control market share by 360 basis points since 2021, underscoring its competitive strength.
