KLA Corporation Reaches 12‑Month High as Analysts Upgrade Targets
KLA Corporation (NASDAQ: KLAC) advanced to a new 52‑week high on Tuesday, trading at $1,650.00 after a series of analyst upgrades. The price target for the company was raised from $1,350.00 to $1,700.00 by Evercore ISI and to $1,800.00 by Wolfe Research. The upgrades were based on expectations of continued demand for KLA’s semiconductor equipment, particularly in the context of rising investment in artificial intelligence infrastructure.
The company’s share price on the day of the upgrade was $1,627.20, close to the 52‑week high of $1,650.00 and well above the 52‑week low of $551.33 recorded in April 2025. With a market capitalization of approximately $212.8 billion and a price‑earnings ratio of 50.662, KLA remains a high‑valuation play within the semiconductor equipment sector.
In the week following the price‑target increases, the analyst note highlighted that KLA’s supply chain was experiencing a shortage that could not be met in the short term. Jim Cramer of Yahoo Finance noted the company’s inventory constraints, suggesting that the firm may face pressure on its earnings trajectory until the supply chain stabilises.
KLA’s upcoming quarterly earnings report, scheduled for release in the next few weeks, is expected to provide further insight into the company’s performance. Analysts are particularly focused on revenue growth from surface profilers and nanomechanical testers, as well as the impact of new product launches in semiconductor assembly solutions.
In related trading activity, Taylor Frigon Capital Management LLC sold 152 shares of KLA, a transaction that may reflect a tactical rebalancing rather than a fundamental shift in the company’s prospects.
Overall, the recent analyst upgrades and the stock’s proximity to a new 12‑month high reinforce a bullish outlook for KLA, driven by sustained demand for semiconductor equipment in the broader technology sector.
