Wells Fargo Reiterates Buy Rating on KLA Corporation
Wells Fargo maintains its positive outlook on KLA Corporation with a $305 target price, a 26.83% upside from the current price.
Key Points
- Wells Fargo reiterated its buy rating on KLA Corporation with a target price of $305 on June 22, 2026.
- Wells Fargo's $305 price target implies 26.83% upside from KLA Corporation's ($KLAC) current $240.48 share price.
- KLA Corporation's stock traded at $259.56 on Monday, with a market cap of $339.1 billion and a P/E ratio of 73.5.
- Insiders, including CEO Richard Wallace, have been selling shares under planned sales, while other analysts maintain a buy consensus.
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Wells Fargo reiterated its buy rating for KLA Corporation (NasdaqGS: KLAC) on June 22, 2026, maintaining a target price of $305. Shares of KLA traded at $259.56 on Monday.
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Analysts Set New Price Targets
On June 22, 2026, Wells Fargo maintained its buy rating for KLA Corporation with a $305 price target. Cantor Fitzgerald also maintained a buy rating with a $250 target on June 15, 2026. Barclays kept its buy rating with a target of $2,250 on June 11, 2026. The consensus among analysts is a buy recommendation, with a mean target price of $200.57 based on 28 analyst opinions.
KLA Corporation Stock Up 37.0%
Shares of KLA Corporation traded at $259.56 on Monday. The company boasts a market cap of approximately $339.1 billion and a P/E ratio of 73.5, with a forward P/E of 51.3. KLA has a beta of 1.504, indicating higher volatility compared to the market. The stock's 52-week range is between $83.22 and $267.17, while its 50-day moving average stands at $193.73 and the 200-day moving average is $144.41.
$KLAC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at KLA Corporation
Recent insider activity at KLA Corporation includes planned sales by CEO Richard Wallace, who sold 4,512 shares at an average price of $2,213.37 on June 11, 2026. Additionally, SVP & Chief Accounting Officer Virendra Kirloskar sold 297 shares at $1,879.02 on May 11, 2026.
About KLA Corporation
KLA Corporation, based in Milpitas, California, is a leading provider of process control and yield management solutions for the semiconductor and electronics industries. The company operates through segments like Semiconductor Process Control and PCB Inspection, offering tools and systems to enhance yield and reduce production risk. Under CEO Richard P. Wallace, KLA employs around 15,000 people worldwide.
Bottom Line
Wells Fargo's reiterated buy rating and $305 target price for KLA Corporation highlights continued confidence in the company's prospects. Investors track these ratings closely as they provide insights into analyst expectations. It's important to remember that these ratings reflect opinions at the time of issuance and may not predict future performance.
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