Analysts are bullish on KLA (NASDAQ: KLAC), a key player in microchip manufacturing equipment. Two analysts raised their price targets on the stock, contributing to a nearly 13% increase in share price over the week. Bank of America’s Vivek Arya raised the price target by 30% to $1,300, citing increased investment in DRAM production. Stifel’s Brian Chin also raised the price target to $1,050. Both analysts maintained a buy recommendation, reflecting optimism in the chip sector. Consider investing in KLA, but note it wasn’t among the 10 best stocks identified by The Motley Fool Stock Advisor team.

Read more at Nasdaq: Why KLA Stock Crushed It This Week