New Street Research Initiates Coverage On KLA with Buy Rating, Announces Price Target of $730
Portfolio Pulse from Benzinga Newsdesk
New Street Research analyst Pierre Ferragu has initiated coverage on KLA Corporation (NASDAQ:KLAC) with a Buy rating and set a price target of $730.
December 18, 2023 | 4:47 pm
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POSITIVE IMPACT
KLA Corporation received a Buy rating from New Street Research with a price target of $730, indicating a positive outlook from the analyst.
Analyst ratings, especially initiations of coverage with a Buy rating, can have a significant positive impact on a stock's short-term price movement. The price target of $730 suggests a strong conviction in the company's future performance, which could lead to increased investor confidence and upward price momentum.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100