UBS and Barclays Raise PT on KLA Corporation (KLAC)

KLA Corporation (NASDAQ:KLAC) is included in our list of the 12 Unstoppable Artificial Intelligence (AI) Stocks to Buy Right Now.

Maintaining a ‘Neutral’ rating, UBS raised its price target on KLA Corporation (NASDAQ:KLAC) from $775 to $960 on July 21, 2025. The investment firm expects the company’s Q4 revenue to meet guidance and Q1 revenue to reach or slightly exceed $3 billion.

A week later, on July 28, 2025, Barclays also increased its price target on KLA Corporation (NASDAQ:KLAC) from $590 to $750, maintaining an ‘Equal Weight’ rating. The analyst expects strong semiconductor capital equipment demand in the second half of 2025, especially due to improved market dynamics in China. However, Barclays advises caution about 2026 estimates, which may be too optimistic.

KLA Corporation (NASDAQ:KLAC) drives innovation across the electronics manufacturing market with its advanced process control equipment. It is included in our list of the unstoppable stocks.

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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Disclosure: None.