Goldman Sachs Maintains Buy on KLA, Raises Price Target to $640
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has reaffirmed a Buy rating on KLA Corporation (NASDAQ:KLAC) and increased the price target from $560 to $640.
January 26, 2024 | 2:44 pm
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POSITIVE IMPACT
Goldman Sachs analyst Toshiya Hari maintains a Buy rating on KLA and raises the price target from $560 to $640, indicating a positive outlook on the stock.
The increase in price target by a reputable investment bank like Goldman Sachs typically signals a strong conviction in the company's future performance and can lead to increased investor confidence. This positive analyst action is likely to have a favorable impact on KLA's stock price in the short term as it may attract more buyers.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100