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KLA (KLAC): New Buy Recommendation for This Technology Giant

Tipranks - Tipranks - Tue Feb 10, 5:38AM CST

In a report released today, Stacy Rasgon from Bernstein maintained a Buy rating on KLA, with a price target of $1,750.00.

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Rasgon covers the Technology sector, focusing on stocks such as Applied Materials, Nvidia, and Lam Research. According to TipRanks, Rasgon has an average return of 30.7% and a 65.44% success rate on recommended stocks.

In addition to Bernstein, KLA also received a Buy from TipRanks – OpenAI’s OpenAI Semiconductors in a report issued on February 6. However, on the same day, TipRanks – Anthropic downgraded KLA (NASDAQ: KLAC) to a Hold.

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Based on KLA’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.3 billion and a net profit of $1.15 billion. In comparison, last year the company earned a revenue of $3.08 billion and had a net profit of $824.53 million

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