Raymond James Maintains Outperform on KLA, Raises Price Target to $625
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Srini Pajjuri has reaffirmed an Outperform rating on KLA Corporation (NASDAQ:KLAC) and increased the price target from $550 to $625.
January 19, 2024 | 3:37 pm
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POSITIVE IMPACT
Raymond James analyst Srini Pajjuri has maintained an Outperform rating on KLA Corporation and raised the price target from $550 to $625, indicating a positive outlook on the stock.
The increase in price target by Raymond James reflects a strong vote of confidence in KLA Corporation's future performance. This positive analyst action can often lead to a short-term increase in the stock price as it may influence investor sentiment and indicate expectations of better financial performance or growth prospects for the company.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100