KLA Corporation (KLAC) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Buy
Based on 44 analysts640.1% Below Target
KLAC trades 640.1% below Wall Street's consensus target of $1920.88.
Current Price$259.56
Average Target$1920.88
Target
Current
Low$1450.00
Median$1900.00
High$2500.00
Analyst Target Range
Forward P/E70.0x
(High Premium)
PEG Ratio2.22
(Pricey)
Implied Growth-89.5%
(Declining)
Analyst Spread54.7%
(Moderate)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes KLAC achieves its forward estimates and maintains a stable P/E multiple of 70.0x. This scenario reflects the blended consensus of 44 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
KLAC Price Target Analysis
Updated June 22, 2026As of June 22, 2026, KLA Corporation (KLAC) has a Wall Street consensus price target of $1920.88, based on estimates from 44 covering analysts. With the stock currently trading at $259.56, this represents a potential upside of +640.1%. The company has a market capitalization of $34.20B.
Analyst price targets range from a low of $1450.00 to a high of $2500.00, representing a 55% spread in expectations. The median target of $1900.00 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 28 analysts rating the stock as a Buy or Strong Buy,14 rating it Hold, and 2 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, KLAC trades at a trailing P/E of 8.5x and forward P/E of 70.0x. The forward PEG ratio of 2.22 reflects a premium valuation. Analysts expect EPS to grow -89.5% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $273.39, with bear and bull scenarios of $172.24 and $360.22 respectively. Model confidence stands at 52/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
-12.4%
Industry Consensus
Avg Forward P/E
61.0x
(High Premium)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 AMATApplied Materials, Inc. | $490.0B | $617.11 | $533.65 | -13.5% | Buy | 50.5x | 53 |
 LRCXLam Research Corporation | $485.8B | $389.04 | $349.22 | -10.2% | Buy | 68.5x | 50 |
 ASMLASML Holding N.V. | $749.0B | $1929.68 | $1694.00 | -12.2% | Buy | 59.6x | 45 |
 TERTeradyne, Inc. | $68.6B | $437.92 | $351.09 | -19.8% | Buy | 59.4x | 31 |
 ONTOOnto Innovation Inc. | $16.6B | $333.76 | $338.88 | +1.5% | Buy | 46.5x | 11 |
 COHUCohu, Inc. | $3.3B | $69.40 | $49.75 | -28.3% | Buy | 119.3x | 14 |
 NVMINova Ltd. | $18.3B | $575.31 | $566.80 | -1.5% | Buy | 54.9x | 13 |
 MKSIMKS Inc. | $27.4B | $406.37 | $322.00 | -20.8% | Buy | 34.7x | 29 |
 FORMFormFactor, Inc. | $11.7B | $149.55 | $134.00 | -10.4% | Buy | 61.0x | 19 |
 ACMRACM Research, Inc. | $7.3B | $109.87 | $100.00 | -9.0% | Buy | 55.2x | 10 |
KLAC — Frequently Asked Questions
Quick answers to the most common questions about buying KLAC stock.
What is the KLAC stock price target for 2026?
The consensus Wall Street price target for KLAC is $1920.88, representing 640.1% upside from the current price of $259.56. With 44 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is KLAC a buy, sell, or hold?
KLAC has a consensus rating of "Buy" based on 44 Wall Street analysts. The rating breakdown is predominantly bullish, with 28 Buy/Strong Buy ratings. The consensus 12-month price target of $1920.88 implies 640.1% upside from current levels.
Is KLAC stock overvalued or undervalued?
At a forward P/E of 70.0264x, KLAC trades at a premium valuation. The consensus price target of $1920.88 (640.1% upside) suggests analysts still see growth justifying the multiple.
How high can KLAC stock go?
The most bullish Wall Street analyst has a price target of $2500 for KLAC, while the most conservative target is $1450. The consensus of $1920.88 represents the median expectation. Our quantitative valuation model projects a bull case target of $360 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover KLAC stock?
KLAC is heavily covered by Wall Street, with 44 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 28 have Buy ratings, 14 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the KLAC stock forecast?
The 12-month KLAC stock forecast based on 44 Wall Street analysts shows a consensus price target of $1920.88, with estimates ranging from $1450 (bear case) to $2500 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $273, with bear/bull scenarios of $172/$360.
What is KLAC's fair value based on fundamentals?
Our quantitative valuation model calculates KLAC's fair value at $273 (base case), with a bear case of $172 and bull case of $360. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 52/100.
What is KLAC's forward P/E ratio?
KLAC trades at a forward P/E ratio of 70.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 8.5x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy KLAC stock?
Wall Street analysts are very optimistic on KLAC, with a "Buy" consensus rating and $1920.88 price target (640.1% upside). 28 of 44 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do KLAC price targets vary so much?
KLAC analyst price targets range from $1450 to $2500, a 55% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $1920.88 consensus represents the middle ground. Our model's $172-$360 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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