KLA Corporation (NASDAQ:KLAC) is one of the 15 Best NASDAQ 100 Stocks to Buy Other Than SpaceX.
On July 6, 2026, Morgan Stanley raised the firm’s price target on KLA Corporation (NASDAQ:KLAC) to $274 from $190 and kept an Equal Weight rating on the shares.
On June 30, Susquehanna adjusted the firm’s price target on KLA Corporation to $275. Susquehanna updated its model following channel checks, suggesting an upward revision to SCE backlog now extending beyond one year, with WFE expected to reach as high as $300B. The firm is raising its estimates for 2026 and 2027 and introducing 2028 projections based on WFE of $250B. KLA Corporation previously approved a ten-for-one forward stock split, and shares began trading on a split-adjusted basis at market open on Friday, June 12.
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On June 29, Cantor Fitzgerald raised the firm’s price target on KLA Corporation to $325 from $250 and kept an Overweight rating on the shares. Cantor Fitzgerald said the AI infrastructure buildout is viewed as a generational semiconductor cycle, with industry revenue expansion expected to reach roughly $3T by CY29 and potentially exceed $3.5T by CY30.
KLA Corporation (NASDAQ:KLAC) designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide.
While we acknowledge the potential of KLAC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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