Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of February 28, 2026, KLA Corporation (KLAC) has a Wall Street consensus price target of $1672.25, based on estimates from 43 covering analysts. With the stock currently trading at $1524.55, this represents a potential upside of +9.7%. The company has a market capitalization of $201.28B.
Analyst price targets range from a low of $1400.00 to a high of $1900.00, representing a 30% spread in expectations. The median target of $1700.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 27 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 50.2x and forward P/E of 41.8x. The forward PEG ratio of 1.32 indicates reasonable valuation for growth. Analysts expect EPS to grow +5.8% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $2374.81, with bear and bull scenarios of $1422.91 and $2974.47 respectively. Model confidence stands at 79/100, indicating high predictability in the company's fundamentals.
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Start ComparisonThe consensus price target for KLAC is $1672.25, close to the current price of $1524.55 (9.7% implied move). Based on 43 analyst estimates, the stock appears fairly valued near current levels.
KLAC has a consensus rating of "Buy" based on 43 Wall Street analysts. The rating breakdown is predominantly bullish, with 27 Buy/Strong Buy ratings. The consensus 12-month price target of $1672.25 implies 9.7% upside from current levels.
At a forward P/E of 41.7876x, KLAC trades at a premium valuation. The consensus price target of $1672.25 (9.7% upside) suggests analysts may view current valuations as stretched.
The most bullish Wall Street analyst has a price target of $1900 for KLAC, while the most conservative target is $1400. The consensus of $1672.25 represents the median expectation. Our quantitative valuation model projects a bull case target of $2974 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
KLAC is heavily covered by Wall Street, with 43 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 27 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.
The 12-month KLAC stock forecast based on 43 Wall Street analysts shows a consensus price target of $1672.25, with estimates ranging from $1400 (bear case) to $1900 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $2375, with bear/bull scenarios of $1423/$2974.
Our quantitative valuation model calculates KLAC's fair value at $2375 (base case), with a bear case of $1423 and bull case of $2974. 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 79/100.
KLAC trades at a forward P/E ratio of 41.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 50.2x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
KLAC appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $1672.25 target. Consider your investment thesis and risk tolerance. 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.
KLAC analyst price targets range from $1400 to $1900, a 30% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $1672.25 consensus represents the middle ground. Our model's $1423-$2974 range provides an independent fundamental perspective.