What’s moving KLA Corp (KLAC): slips 4.1% despite a Q3 beat as analysts lift targets
What just happened
- Headline: KLA Corporation - Notice of Proposed Sale of Securities (Form 144)
- Move: -4.1% on the day to $245.74 (-3.8% vs SPY)
- Catalyst from our feed: Shares slipped despite better-than-expected fiscal Q3 results, with net income of $9.12/share.
Where the Street stands
| Firm | Rating | Price target |
|---|---|---|
| Morgan Stanley | Equal Weight | $274 (from $190) |
| Goldman Sachs | raises PT | $230 (from $155) |
| Susquehanna | Neutral | $275 |
| BofA | Buy | $317 (from $210) |
| Citigroup | raises PT | $290 (from $206) |