KLA Corp Shares Surge on Analyst Boost

KLA Corporations stock surged by 2.7% following a positive shift in analyst opinions, with Citigroup raising their price target by 36.8% to $1,450. This optimism was fueled by the companys strong first-quarter results, marking a 13% increase in revenues. The broader analyst community also holds a favorable view, with a consensus rating of Moderate Buy. The shares settled slightly after the initial surge, closing at $1,152, up 2.6% from their previous close. Despite some volatility, KLA Corporations shares have shown significant growth, with investors seeing a return of 472.6% over five years.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.