RBC Capital Reaffirms Their Hold Rating on KLA (KLAC)
In a report released yesterday, Srini Pajjuri from RBC Capital maintained a Hold rating on KLA, with a price target of $1,600.00. The company’s shares closed yesterday at $1,409.57.
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According to TipRanks, Pajjuri is a 5-star analyst with an average return of 33.3% and a 71.63% success rate. Pajjuri covers the Technology sector, focusing on stocks such as Marvell, Advanced Micro Devices, and Applied Materials.
In addition to RBC Capital, KLA also received a Hold from KeyBanc’s Steve Barger in a report issued today. However, on the same day, TD Cowen maintained a Buy rating on KLA (NASDAQ: KLAC).
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
Read More on KLAC:
Disclaimer & DisclosureReport an Issue
- KLA Corp. price target lowered to $1,700 from $1,850 at Jefferies
- KLA Highlights Strategy and Capital Returns at Investor Day
- KLA Corp. backs Q3 adjusted EPS view $9.08 +/- 78c, consensus $9.16
- KLA Corp. announces new $7B share repurchase program
- KLA Corp. increases quarterly dividend to $2.30 per share
