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 29, 2024 | 3:32 pm
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POSITIVE IMPACT
Goldman Sachs has maintained a Buy rating on KLA Corporation and raised the price target to $640, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Toshiya Hari from Goldman Sachs typically signals a strong conviction in the company's future performance and is often viewed positively by investors. This could lead to increased investor confidence and a potential short-term rise in the stock price of KLA Corporation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100