KLA Corp Stock Surges on Upgrades, 94% YTD Gain

KLA Corporations stock surged by nearly four percent after Jefferies upgraded its rating from Hold to Buy, increasing the price target by thirty-six percent to one thousand five hundred dollars. This positive sentiment was echoed by other analysts, with TD Cowen and Stifel also raising their price targets. The stocks initial pop settled at one thousand two hundred thirty-six dollars, indicating a significant long-term growth potential. KLA has seen impressive growth this year, up over ninety-four percent since January, and an investment of one thousand dollars five years ago would now be worth over four thousand seven hundred dollars.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.