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Why KLA Corporation Stock Edged Past the Broader Market Today

The Motley Fool·
Why KLA Corporation Stock Edged Past the Broader Market Today

KLA Corporation outperformed the S&P 500 on Wednesday following a 25% price target increase from Cantor Fitzgerald analyst C.J. Muse to $2,000 per share. The upgrade was driven by KLA's raised advanced packaging revenue guidance to $1 billion, fueled by strong AI hardware demand. The analyst maintained an overweight recommendation ahead of the company's upcoming 10-for-1 stock split.

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