KLA Shares Jump as TD Cowen Lifts Target, Flags Potential Wafer Fab Equipment Supercycle
KLA Corporation stock spiked roughly 9.5% in morning trading after TD Cowen raised its price target to $260 from $200 and outlined a bullish view that global wafer fab equipment (WFE) spending could reach $250 billion by 2028 and potentially $400 billion by 2030. The research note modeled KLA EPS of $9 to $10 under the $250 billion scenario and cit…