Cantor Fitzgerald Raises its Price Target on KLA (KLAC)

KLA Corporation (NASDAQ:KLAC) is one of the 10 Best Pick and Shovel AI Stocks to Invest In.

On June 29, 2026, Cantor Fitzgerald raised its price target on KLA Corporation (NASDAQ:KLAC) to $325 from $250 and kept an Overweight rating. Cantor Fitzgerald viewed the AI infrastructure buildout as a durable and extended generational semiconductor cycle, supported by supply chain constraints. The firm expects industry revenue expansion to reach roughly $3T by CY29 and potentially exceed $3.5T by CY30.

On June 23, BofA analyst Vivek Arya raised the firm's price target on KLA Corporation to $317 from $210 and kept a Buy rating. Arya updated BofA's semiconductor industry models and price objectives to reflect higher industry estimates, raising the firm's calendar year 2030 total semiconductor industry addressable market forecast to $2.7T from $2.3T. BofA said the increase was led mostly by growth in memory and data center, with additional support from recovery in auto and industrial markets.

On June 22, Wells Fargo raised its price target on KLA Corporation to $305 from $210 and kept an Overweight rating. Wells Fargo said it expects continued positive semi-cap results in Q2.

KLA Corporation (NASDAQ:KLAC) designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide.

While we acknowledge the potential of KLAC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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