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KLA (KLAC) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Sun Mar 15, 8:50PM CDT

Citi analyst Atif Malik maintained a Buy rating on KLA on March 13. The company’s shares closed last Friday at $1,418.64.

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Malik covers the Technology sector, focusing on stocks such as Nvidia, Apple, and KLA. According to TipRanks, Malik has an average return of 38.7% and a 73.99% success rate on recommended stocks.

In addition to Citi, KLA also received a Buy from TipRanks – OpenAI’s OpenAI Semiconductors in a report issued on March 13. However, on the same day, TipRanks – xAI reiterated 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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