KLA Corporation stock: Morgan Stanley cuts target to USD 227.00 for KLA Corporation stock

Published on 10/23/2026 at 15:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KLA reports on October 28, 2026. KLA Corporation stock costs EUR 131.48 on October 23, 2026, down 1.38 percent versus the Xetra close.

Analyst target and earnings date

Morgan Stanley cut its KLA target from USD 253.00 to USD 227.00 on October 6, 2026.
KLA will publish fiscal first-quarter 2027 results on October 28, 2026.
KLA Corporation stock costs EUR 131.48 at Lang & Schwarz on October 23, 2026 at 3:37 p.m. CEST, 1.38 percent below the Xetra close of October 22, 2026.
Fiscal fourth-quarter revenue reached USD 3.66 billion, up 15.00 percent year over year.

Geometrisches Bauhaus-Poster mit Kreisen, Dreiecken und dem Wort TECH in Primärfarben — Bauhaus-Poster im geometrischen Stil symbolisiert KLA Corporation ISIN US4824801009 mit Sektor-Schriftzug TECH und Grundformen, Illustration mit AI erstellt.

KLA Corporation (ISIN US4824801009) faces a fresh valuation test after Morgan Stanley cut its price target from USD 253.00 to USD 227.00 on October 6, 2026, while keeping an Overweight rating, as Investing.com reported. The stock was trading at EUR 131.48 at Lang & Schwarz on October 23, 2026 at 3:37 p.m. CEST, down 1.38 percent versus the Xetra close of October 22, 2026 at EUR 133.32.

Target cut meets a firm outlook

Morgan Stanley also raised its calendar-year 2027 revenue forecast for KLA from USD 20.40 billion to USD 21.40 billion. Its new USD 227.00 target was 53.89 percent above the Nasdaq price of USD 147.51 at 9:50 a.m. ET on October 23, 2026.

The contrast is important for investors. The same October 6 note lowered the valuation multiple applied to earnings from 36 times to 28 times, even as the analyst expected KLA to grow 42.00 percent in 2027 against 37.00 percent for wafer-fabrication equipment overall.

October 28 brings the next test

KLA announced on October 1, 2026 that it will publish fiscal first-quarter 2027 results after the market closes on October 28, 2026, with a webcast at 2:00 p.m. PT, according to its KLA Corporation release. The date gives the market a near-term checkpoint for the September quarter.

KLA's fiscal fourth-quarter revenue reached USD 3.66 billion in the period ended June 30, 2026, up 15.00 percent from the prior year, while GAAP diluted earnings per share came to USD 1.04. Investing.com reported gross margin of 62.40 percent for the quarter.

Price position and valuation

On Nasdaq, KLA was last at USD 147.51 on October 23, 2026 at 9:50 a.m. ET. Its 52-week range was USD 107.20 to USD 307.37, putting the price 37.60 percent above the low and 52.04 percent below the high; market capitalization was USD 192.5 billion.

The Nasdaq valuation was 40.32 times earnings, while the trailing dividend yield was 0.01 percent. The next scheduled corporate date is the October 28 results publication, followed by the webcast at 2:00 p.m. PT.

Comparison with peers

As of October 23, 2026, KLA Corporation: down 0.22 percent, P/E 40.32, market capitalization USD 192.5 billion.

Applied Materials (Nasdaq, USD): up 0.14 percent, P/E 32.47, market capitalization USD 298.5 billion.

Lam Research (Nasdaq, USD): down 1.32 percent, P/E 34.00, market capitalization USD 284.2 billion.

What the target cut means

The October 6 revision pairs a lower valuation multiple with higher 2027 revenue expectations. That combination leaves the October 28 report as the next measurable test of whether KLA can convert demand for advanced process control into the revenue trajectory behind the upgraded forecast.

KLA Corporation stock was trading at EUR 131.48 at Lang & Schwarz on October 23, 2026 at 3:37 p.m. CEST, 1.38 percent below the Xetra close of October 22, 2026 at EUR 133.32. The further course of trading is shown by the continuously updated real-time quote of KLA Corporation stock.