Barclays Raises KLA Corp Price Target to $2,250

Barclays raised its price target on KLA Corporation (NASDAQ: KLAC) to $2,250 from $1,700 on June 11, 2026, while maintaining an Overweight rating. The adjustment comes amid the stock's strong performance, with a 113.61% gain year-to-date.

Rating Change

• Previous Price Target: $1,700
• New Price Target: $2,250
• Rating: Overweight

Analyst Rationale

Barclays analysts believe KLA Corporation benefits from increasing demand for AI memory chips, as the company is a key supplier of semiconductor inspection equipment. The expansion of data centers and rising AI investments further bolster the company's growth prospects.

Context

The stock has received several rating updates from other analysts in recent days, reflecting growing interest in the company. This comes at a time when the semiconductor sector is experiencing strong demand, particularly for high-bandwidth memory (HBM) used in AI applications.

What to Make of It

The price target hike signals confidence in KLA's growth trajectory, but investors should consider the stock's elevated valuation after substantial gains. Future performance hinges on sustained demand for AI-related memory equipment.