Morgan Stanley Keeps An Equal Weight Rating On KLA Corporation (KLAC)

KLA Corporation (NASDAQ:KLAC) is among the 13 Best Nanotechnology Stocks to Buy Now.

According to TheFly, Morgan Stanley increased their price objective on KLA Corporation (NASDAQ:KLAC) from $1,154 to $1,214 on December 2, 2025. The firm kept an Equal Weight rating.

Morgan Stanley stated that its 2026 wafer fab equipment (WFE) forecast remains basically constant at $129 billion, representing an 11% year-over-year rise. The firm also raised its 2027 WFE estimate to $145 billion, a 13% increase from the previous year. It cites projections for two solid years backed by demand for TSMC and DRAM.

The semiconductor equipment industry’s process diagnostic and control market is dominated by KLA Corporation (NASDAQ:KLAC). According to Morningstar analysts, KLA Corporation (NASDAQ:KLAC) has a wide economic moat and is in a strong position for future growth.

KLA Corporation (NASDAQ:KLAC) reported a record cash flow of $1.066 billion in the last quarter. It also disclosed a total capital return of $799 million, which included $254 million in dividends and $545 million in share repurchases during the previous 12 months.

KLA Corporation (NASDAQ:KLAC) is one of the biggest producers of semiconductor wafer fabrication equipment globally.

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