JP Morgan Maintains Overweight on KLA, Raises Price Target to $725
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Harlan Sur has maintained an Overweight rating on KLA Corporation (NASDAQ:KLAC) and increased the price target from $565 to $725, indicating a positive outlook on the company's stock.
January 26, 2024 | 3:55 pm
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JP Morgan analyst Harlan Sur has reaffirmed KLA Corporation with an Overweight rating and raised the price target to $725, suggesting a bullish stance on the stock.
The increase in price target by a reputable analyst from JP Morgan is a strong positive signal for investors, often leading to increased investor confidence and potential short-term price appreciation. The Overweight rating reaffirms the analyst's positive view on the stock, which could influence market sentiment and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100