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Barchart
Barchart
Aanchal Sugandh

KLA Corp. Stock Just Got a New Street-High Price Target. Should You Buy KLAC Shares Now?

KLA KLAC Street KLA Corporation TD Cowen Memory

KLA Corporation (KLAC) has reentered the market conversation at a moment when semiconductor spending priorities are quietly, but decisively, shifting. Brokerage firm TD Cowen has upgraded the stock to “Buy” from “Hold,” citing its outsized exposure to advanced foundry manufacturing. 

As capital spending pivots toward cutting-edge processes, KLA stands better positioned than the broader equipment market. TD Cowen linked this optimism to the accelerating push toward artificial intelligence (AI)-focused chips. Rising design complexity, faster memory upgrade cycles, and a surge in custom silicon are intensifying demand for process control. 

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