KLA Stock (KLAC) Surges on Jefferies Upgrade: Latest News, Analyst Targets, Earnings Guidance and 2026 Outlook
KLA shares rose 3.8% to around $1,239 by midday Monday after Jefferies upgraded the stock to “Buy” and raised its price target to $1,500, citing accelerating AI-driven demand. Jefferies expects capacity additions in semiconductor manufacturing to pick up in the second half of 2026, benefiting KLA’s core business.