KLA Corporation (NASDAQ:KLAC) is among the 13 best profitable stocks to invest in now. Citi raised its price target to $1,800 with a ‘Buy’ rating, citing a Phase 2 upcycle in wafer fab equipment. RBC Capital maintained a ‘Sector Perform’ rating, expecting solid performance despite slightly lower growth outlook compared to Lam Research.

KLA Corporation (NASDAQ:KLAC) reported non-GAAP net income of $1.17 billion and revenue of $3.30 billion in the fiscal second quarter. For the third quarter, the company forecasts revenue of $3.35 billion and non-GAAP EPS of $9.08, driven by AI-related semiconductor investment.

KLA Corporation (NASDAQ:KLAC) offers critical systems for advanced semiconductor manufacturing. While it presents investment potential, other AI stocks may offer greater upside. Analysts remain optimistic about KLAC’s performance, emphasizing its role in the industry’s growth.

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Read more at Yahoo Finance: Citi Remains Bullish on KLA (KLAC) Amid Persistent Phase 2 Upcycle in Wafer Fab Equipment and Potential Upside