KLA (KLAC) stock climbs after TD Cowen upgrade and $1,800 target
New York, Jan 13, 2026, 15:35 EST — Regular session Shares of KLA Corp rose about 1.3% on Tuesday after TD Cowen upgraded the chip equipment maker to “buy” and sharply raised its price target. The stock was at $1,446.61 after touching an intraday high of $1,489.99. The move came against a softer tape. The S&P 500 tracker SPY and the Nasdaq 100 tracker QQQ were both down about 0.4%, while semiconductor equipment peers Applied Materials, Lam Research and ASML traded lower. The upgrade matters because investors are trying to pin down the next leg of wafer fab spending —