Goldman Sachs analyst James Schneider initiates coverage of KLA Corporation (KLAC) with a “Neutral” rating and $980 price objective. The firm sees stable revenue through 2026 amidst AI technology growth driving semiconductor demand. KLA’s advanced tools crucial for high-performance AI chips, expanding market opportunities and profit margins.

Parnassus Investments released its Q4 2024 investor letter, noting potential in KLAC but favoring other AI stocks with greater upside potential. Looking for an undervalued AI stock benefiting from tariffs and onshoring trend? Check out their report on the best short-term AI stock for more details.

Read more at Yahoo Finance: Goldman Sachs Begins Coverage of KLA (KLAC) Stock, Gives Neutral Rating