KLA Corp Reaches 52-Week High Following Analyst Upgrade

KLA Corp, a semiconductor equipment manufacturer based in the United States, has reached a new 52-week high following an analyst upgrade. The company’s stock price has increased as a result of the upgrade, with some brokerages revising their price targets upwards.

• The following brokerages have revised their price targets for KLA Corp:
  • Brokerage A: $250 per share (previously $220)
  • Brokerage B: $280 per share (previously $240)
  • Brokerage C: $300 per share (previously $260)

However, the US Department of Commerce is considering stricter export restrictions on semiconductors, which could impact KLA Corp’s sales and the broader chip supply chain. The move is seen as a potential countermeasure to escalating US-China tensions.

• Key points regarding the potential export restrictions:
  • The US Department of Commerce is considering stricter export controls on semiconductors
  • The move is intended to address US-China tensions
  • The impact on KLA Corp’s sales and the broader chip supply chain is uncertain

The uncertainty surrounding these developments may affect KLA Corp’s stock price.