BUZZ-TD Cowen turns bullish on <a href="https://laohu8.com/S/KLAC">KLA</a> citing AI-driven demand surge; shares rise** Shares of chipmaking equipment supplier KLA Corp KLAC.O up 1.53% at $1,450 premarket
** TD Cowen upgrades to "buy" from "hold"; raises PT to $1,800 from $1,300, a 26% upside to stock's last close
** Expects KLAC’s market share to rise in 2027, driven by spending shift toward leading-edge foundry and DRAM (high-speed memory chip)
** BofA Global Research also lifts KLAC's PT to $1,650 from $1,450
** 15 of 29 brokerages rate stock "buy" or higher, 13 "hold" and 1 "sell"; median PT is $1,300 - data compiled by LSEG
** As of last close, stock up 109% in the past 12 months
(Reporting by Kanishka Ajmera in Bengaluru)
((mail to: Kanishka.Ajmera@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.