KLA Corporation (KLAC) is seeing both positive and negative market reactions. The stock recently moved down by
-0.81%, despite additions to holdings from
Silver Oak Securities Incorporated and
Community Financial Services Group LLC. It faces
short-term headwinds in the Semiconductor Equipment Market according to Cantor Fitzgerald but a recovery is expected by
2025. A price target cut to
$900 is reported amidst semiconductor mid-cycle correction concerns, however, long-term growth drivers remain positive. Oppenheimer has initiated coverage with a 'Perform' rating, drawing attention to KLAC's market dominance and AI demand. The corporation's Q1 sales beat estimates, reflecting a strong Q1 performance. Despite such performance, shares have been observed sinking, as market gains and insider sales activity have been reported. Furthermore, Cantor Fitzgerald adjusted the earnings outlook, lowering the Wafer Fab Equipment Forecast for 2025 and 2026. In contrast, Goldman Sachs maintains a bullish stance on the AI stock. KLAC shares rose following a strong H1 performance. However, analysts downgraded KLAC despite robust earnings due to their
five-year earnings growth trailing the shareholder returns.
Kla Corporation KLAC News Analytics from Thu, 25 Jan 2024 08:00:00 GMT to Sat, 26 Oct 2024 09:40:29 GMT -
Rating 3
- Innovation 7
- Information 9
- Rumor -5
