Why KLA Shares Are Rising Today
Portfolio Pulse from Lekha Gupta
KLA Corp's shares are trading higher by around 5% after the company reported strong Q4 FY23 results, beating consensus on both revenues and adjusted EPS. The company also provided a positive outlook for Q1 FY24. Several analysts, including those from Wells Fargo, JP Morgan, Barclays, Stifel, TD Cowen, and Susquehanna, raised the price target for KLAC.
July 28, 2023 | 6:51 pm
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KLA Corp reported strong Q4 FY23 results and positive Q1 FY24 outlook, leading to a rise in its share price and several analysts raising their price targets.
KLA Corp's strong Q4 FY23 results and positive Q1 FY24 outlook exceeded market expectations, leading to a rise in its share price. This positive financial performance and outlook have led several analysts to raise their price targets for KLAC, indicating a positive short-term impact on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100