Movement Alert｜KLA Corporation Rises 3.02% in Regular Trading, Multiple Banks Raise Target Prices Amid Sustained AI-Driven Demand

Market Focus06-22 21:54

On June 22, KLA Corporation rose 3.02% in regular trading, trading at $263.91/share, with turnover of $2.97 billion.

On the news front, multiple investment banks have recently raised their target prices on KLA in quick succession. Citi raised its target to $290 while maintaining a Buy rating, introducing its first calendar year 2028 earnings forecast and expressing strong conviction in NAND equipment demand prospects. Earlier, Cantor Fitzgerald raised its target to $2,500 (pre-split) with an Outperform rating, Barclays to $2,250, and UBS to $2,180. Citi projects global wafer fabrication equipment market size reaching approximately $1,450B/$2,000B/$2,500B in 2026/2027/2028, implying 25% growth in 2028, driven by capacity expansion from TSMC, memory manufacturers, Intel, and Samsung.

KLA's 1-for-10 stock split has taken effect. The company continues to benefit from its leading position in advanced chipmaking process control and inspection tools as AI compute infrastructure expansion drives structural NAND demand growth fueled by agentic AI workloads.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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