BUZZ-TD Cowen turns bullish on KLA citing AI-driven demand surge; shares rise
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TD Cowen has upgraded KLA Corpto 'buy' from 'hold', raising the price target to $1,800 from $1,300, indicating a 26% upside. Shares rose 1.53% to $1,450 premarket. The upgrade is based on expected market share growth driven by increased spending on advanced foundry and DRAM. BofA Global Research also raised its price target to $1,650. Currently, 15 of 29 brokerages rate the stock as 'buy' or higher, with a median price target of $1,300. The stock has increased 109% over the past year.
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