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KLA (KLAC) Receives a Buy from Berenberg Bank

Tipranks - Tipranks - Tue Feb 3, 12:32AM CST

Berenberg Bank analyst Tammy Qiu maintained a Buy rating on KLA on January 30 and set a price target of $1,770.00. The company’s shares closed last Friday at $1,427.94.

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Qiu covers the Technology sector, focusing on stocks such as ASML Holding NV, KLA, and ASM International NV. According to TipRanks, Qiu has an average return of 20.5% and a 67.13% success rate on recommended stocks.

In addition to Berenberg Bank, KLA also received a Buy from TipRanks – OpenAI’s OpenAI Semiconductors in a report issued on January 31. However, on January 30, Deutsche Bank maintained a Hold rating on KLA (NASDAQ: KLAC).

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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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