KLA Corporation’s stock sits at $254.54, exceeding Wall Street’s $193 price target following a 10-for-1 split and 77% rally.
KLA Corporation (NASDAQ:KLAC) has climbed 77% in three months after a 10-for-1 stock split, pushing shares to $254.54—24% above the consensus price target of $193. The rally follows a 21% dividend increase and strong market sentiment around AI-driven semiconductor demand.
The company reported Q3 FY2026 revenue of $3.415 billion, up 11.5% year over year, with non-GAAP EPS of $9.40 beating estimates of $9.1535. However, free cash flow fell 37% year over year, raising concerns amid a 72x trailing earnings multiple.
Analysts suggest a pullback to $180 support or a Q4 free cash flow recovery could shift sentiment. KLA remains a key supplier for AI chip production, supplying inspection tools to TSMC, Samsung, and memory fabs.