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KLA (KLAC) Gets Upgrade as Foundry-Led WFE Demand Accelerates [Yahoo! Finance]

KLA Corporation (KLAC) 
Last kla corporation earnings: 2/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.kla-tencor.com/investor-relations
Company Research Source: Yahoo! Finance
Hold to “Buy” and raised the price target to $1,800.00 from $1,300. With foundry-led WFE demand accelerating, firm analysts have raised CY27 EPS to $50 and driving the PT lift. As per the firm's analysis, updated wafer fabrication equipment (WFE) analysis specifies that leading-edge foundry spending is anticipated to be the fastest-growing segment in the semiconductor equipment market. It has a projected calendar year 2026-2027 compound annual growth rate (CAGR) of 20%, as compared to 15% for memory, led by TSMC and Samsung's foundry operations. The upgrade is a reflection of TD Cowen's higher CY27 earnings estimate of about $50 per share, which sits above Street expectations. "With attention centered on memory WFE amid rising DRAM/NAND pricing, our updated WFE work points to leading-edge foundry as the fastest-growing pocket of spend on a CY26–27 CAGR basis (20% vs 15% for memory), led by TSMC (& Samsung foundry based on their TSLA execution). We are upgrading KLAC from Hold Show less Read more
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