Cantor Fitzgerald raises KLA’s target to $325, citing a multi-year AI-driven semiconductor expansion and supply chain tailwinds.
Cantor Fitzgerald increased its price target for KLA (KLAC) to $325 from $250 and maintained an Overweight rating. The firm cited a generational semiconductor cycle driven by AI infrastructure buildout and persistent supply chain constraints, projecting industry revenue to reach $3T by 2029 and potentially exceed $3.5T by 2030.
Recent weeks saw similar bullish revisions from BofA and Wells Fargo, which raised targets to $317 and $305, respectively. BofA lifted its 2030 semiconductor market forecast to $2.7T from $2.3T, led by memory, data center, and auto demand. Wells Fargo expects continued strength in semiconductor capital equipment results for Q2.
KLA provides process control and yield management solutions for the semiconductor industry, positioning it as a key beneficiary of long-term AI and electronics demand trends.