Morgan Stanley cuts KLA Corporation stock target from USD 253.00 to USD 227.00

Published on 10/07/2026 at 15:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

June revenue reached USD 3.66 billion and net income USD 1.36 billion. KLA Corporation stock costs EUR 172.55 on October 7, 2026 after EUR 175.30.

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Morgan Stanley cut its KLA target from USD 253.00 to USD 227.00 on October 6, 2026, while KLA Corporation stock was trading at EUR 172.55 at Lang & Schwarz on October 7, 2026 at 2:48 p.m. CEST. Markets Insider reported that the bank kept its Overweight rating despite lowering the valuation target.

Target cut meets stronger forecasts

The target reduction reflects a lower valuation multiple rather than a weaker operating forecast. According to Investing.com on October 6, 2026, Morgan Stanley raised its calendar year 2027 revenue forecast for KLA to USD 21.40 billion from USD 20.40 billion and lifted its earnings per share estimate to USD 6.77 from USD 6.23.

The same analysis put the target multiple at 28 times earnings, down from 36 times. That contrast gives investors two separate signals: higher expected business growth and a lower valuation allowance.

June quarter set a higher bar

KLA reported USD 3.66 billion in revenue and USD 1.36 billion in GAAP net income for the June quarter of fiscal 2026. Revenue exceeded the USD 3.60 billion expectation cited by Investing.com, while gross margin reached 62.40 percent and services revenue increased 17.00 percent year over year.

The company guided for fiscal first quarter 2027 revenue of USD 3.80 billion to USD 4.20 billion. This range would place the midpoint above the June quarter result and makes the next report a test of whether demand for process-control equipment is translating into sustained growth.

Next report arrives October 28

KLA Corporation announced on October 1, 2026, that it will review first quarter fiscal 2027 earnings on October 28, 2026 at 2:00 p.m. PT, with results published after the market close.

The stock was trading at EUR 172.55 at Lang & Schwarz on October 7, 2026 at 2:48 p.m. CEST, down 1.57 percent versus the prior close of EUR 175.30. Its primary Nasdaq listing had a USD 98.10 to USD 307.37 52-week range and a USD 257.9 billion market capitalization as of October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of KLA Corporation stock.