Key Takeaways From KLA Analyst Ratings
Portfolio Pulse from Benzinga Insights
In the last three months, 17 analysts have published ratings on KLA (NASDAQ:KLAC), with a mix of bullish and bearish perspectives. The average 12-month price target has increased to $741.65, reflecting an 8.76% rise from the previous average. Analysts have recently raised their price targets, indicating positive sentiment despite a recent revenue decline.
June 05, 2024 | 2:01 pm
News sentiment analysis
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POSITIVE IMPACT
KLA (NASDAQ:KLAC) has received mixed ratings from 17 analysts over the past three months, with a notable increase in the average 12-month price target to $741.65. This reflects an 8.76% rise from the previous average, indicating positive sentiment. Despite a recent 2.99% revenue decline, analysts have raised their price targets, suggesting confidence in KLA's market position and financial health.
The increase in the average price target and the positive sentiment from analysts, despite a recent revenue decline, suggest a likely short-term positive impact on KLA's stock price. The raised price targets indicate confidence in the company's market position and financial health.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100