KLA shares are trading higher after Raymond James maintained its Outperform rating on the stock and raised its price target from $550 to $625.
Portfolio Pulse from Benzinga Newsdesk
KLA Corporation's stock (KLAC) is trading higher following an Outperform rating confirmation and a price target increase from $550 to $625 by Raymond James.
January 19, 2024 | 6:37 pm
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POSITIVE IMPACT
KLA Corporation's stock price is positively impacted by Raymond James' continued Outperform rating and increased price target from $550 to $625.
Analyst ratings and price target adjustments are significant drivers of stock price movements in the short term. The increase in KLA's price target by a reputable firm like Raymond James suggests a strong bullish outlook on the stock, which can lead to increased investor confidence and buying activity.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100