KLA Corporation (NASDAQ:KLAC) was upgraded from Hold to “Buy” by TD Cowen analyst Krish Sankar, with a new price target of $1,800.00. The firm’s analysis shows leading-edge foundry spending as the fastest-growing segment in the semiconductor equipment market, with a projected CAGR of 20% for 2026-2027. This upgrade reflects higher earnings estimates for CY27 at $50 per share.

KLA Corporation (NASDAQ:KLAC) is a semiconductor manufacturing company specializing in process control and yield management solutions. While KLA has potential as an investment, some AI stocks offer greater upside potential and lower downside risk. Investors seeking undervalued AI stocks can explore options that benefit from Trump-era tariffs and onshoring trends.

TD Cowen’s upgrade of KLA Corporation (NASDAQ:KLAC) is based on the company’s strong performance in the semiconductor equipment market, particularly in leading-edge foundry spending. With a new price target of $1,800.00 and projected CY27 earnings of $50 per share, KLA is positioned for growth and success in the coming years.

Read more at Yahoo Finance: KLA (KLAC) Gets Upgrade as Foundry-Led WFE Demand Accelerates