
KLA-Tencor (KLAC) Stock Forecast & Price Target
KLA-Tencor (KLAC) Analyst Ratings
Bulls say
KLA's strong market position in semiconductor wafer fabrication equipment is underscored by its dominant share in the semiconductor process control segment, benefitting from growing demand in both the foundry and memory sectors. The company's revenue forecasts have been revised upward, projecting significant growth, with total revenues anticipated to rise to $13.6 billion and $15.2 billion for fiscal years 2026 and 2027, respectively. Additionally, KLA is well-positioned to capitalize on a rapidly expanding advanced packaging market, expected to grow at a 20% year-over-year rate, further enhancing its revenue potential in the coming years.
Bears say
The financial outlook for KLA appears negative due to anticipated declines in revenue from China, which is projected to contribute approximately 25% of total sales in CY26, down from 31% in CY25. Additionally, estimates indicate a significant drop in the semiconductor wafer fabrication equipment (WFE) market, with adjusted market sizes falling below $107 billion in 2025 and $110 billion in 2026, potentially leading to a market share decline for KLA's process control segment to 6-7% by 2026. Furthermore, the implementation of the BIS 50% rule is expected to further decrease KLA's revenue from China by $300 million from C4Q25 to C4Q26, contributing to a projected 10-20% decline in revenue for the upcoming year.
This aggregate rating is based on analysts' research of KLA-Tencor and is not a guaranteed prediction by Public.com or investment advice.
KLA-Tencor (KLAC) Analyst Forecast & Price Prediction
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