KLA stock jumps after Cantor target hike as investors eye Jan. 29 earnings (KLAC)
KLA Corp shares jumped 5.6% to $1,398.71 Friday after Cantor Fitzgerald raised its price target to $1,750 and kept an Overweight rating. The company will report fiscal Q2 earnings on Jan. 29 after market close. The PHLX semiconductor index rose 2.6%, with chip equipment stocks broadly higher. KLA’s stock traded near its 52-week high of $1,406.97.