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Do Analysts Expect KLA Corp (KLAC) Stock to Rise After It Has Risen 18.50% in a Month?

Tuesday, November 28, 2023 03:30 PM | InvestorsObserver Analysts

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Do Analysts Expect KLA Corp (KLAC) Stock to Rise After It Has Risen 18.50% in a Month?

Wall Street is positive on KLA Corp (KLAC). On average, analysts give KLAC a Buy rating. The average price target is $532.631, which means analysts expect the stock to lose by -2.19% over the next twelve months. That average ranking earns KLAC an Analyst Rating of 36, which is better than 36% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4
Wall Street analysts are rating KLAC a Buy today. Find out what this means to you and get the rest of the rankings on KLAC!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With KLA Corp Stock Today?

KLA Corp (KLAC) stock is trading at $544.55 as of 3:15 PM on Tuesday, Nov 28, a decline of -$12.40, or -2.23% from the previous closing price of $556.95. The stock has traded between $543.85 and $554.60 so far today. Volume today is low. So far 436,616 shares have traded compared to average volume of 952,416 shares. Click Here to get the full Stock Report for KLA Corp stock.

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