KLA Corp Surpasses Analyst Target Price, Analysts Assess Next Steps

In recent trading, shares of KLA Corp (Symbol: KLAC) have exceeded the average analyst 12-month target price of $800.96, currently trading at $805.00 per share. When a stock reaches its analyst-set target, analysts typically have two options: they can downgrade on valuation or adjust their target price upward. Analysts may also review fundamental business developments that could be driving the stock price higher. If the outlook for the company improves, a target price adjustment may be warranted.

Analyst Targets and Variability

Within the Zacks coverage universe, 24 analysts contribute to the average target for KLA Corp. This average serves as a summary measure, though individual targets vary significantly. One analyst has set a low target of $590.00, while another has positioned a high target of $900.00, yielding a standard deviation of $79.98.

Understanding Analyst Forecasts

The reason for examining the average KLAC price target is to leverage a collective wisdom approach that combines insights from multiple analysts rather than relying on a single expert opinion. With KLAC trading above the average target of $800.96 per share, investors have a crucial opportunity to reassess the company. They must decide whether $800.96 is merely a stepping stone toward higher valuations or if the stock’s current value suggests a time to consider realizing some profits.

Current Analyst Ratings for KLA Corp

The average rating above, represented on a scale from 1 to 5, indicates 1 is Strong Buy and 5 is Strong Sell. Data for this article is sourced from Zacks Investment Research via Quandl.com.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.