Wells Fargo Rates KLA (KLAC) buy, $305 Price Target

Analyst Joseph Quatrochi of Wells Fargo keeps a buy rating and a $305.00 price target on KLA Corporation, a 26.83% upside from the current price.

By EarningsIQ Research Desk · Published Jun 22, 2026, 10:01 AM EDT · Updated Jun 25, 2026, 11:01 AM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Wells Fargo rated KLA Corporation ($KLAC) "buy" with a $305 price target on June 22, 2026.

Since the rating, $KLAC is up 3.4% after 1 week, down 20.2% after 1 month and down 38.4% to date (from the $268.86 close on Jun 22, 2026).

KLAC KLA Corporation

$165.74 +30.52% year to date

Daily close · Oct 16, 2026

Key Points

Wells Fargo analyst Joseph Quatrochi reiterated a buy rating on KLA Corporation KLAC with a $305.00 price target on June 22, 2026.
Wells Fargo's $305 price target implies 26.83% upside from KLA Corporation's ($KLAC) current $240.48 share price.
KLA Corporation stock trades around $240.48, well above its 200-day moving average of $174.61.
The chip equipment maker trades at a P/E ratio of 50.3 and a forward P/E of 27.4 ahead of its next earnings report on October 28, 2026.

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Wells Fargo Keeps Positive Stance on KLA Corporation

Wells Fargo has renewed its support for KLA Corporation (NasdaqGS: KLAC), keeping a buy rating on the semiconductor equipment provider. On June 22, 2026, analyst Joseph Quatrochi reaffirmed the firm's positive outlook, setting a price target of $305.00. The call comes as Wall Street tracks demand drivers across the chipmaking tools sector.

Analyst rating track record

Wells Fargo vs. the S&P 500

YTD return -12.77% hypothetical

All-time return +9.83% S&P 500 +35.61%

vs. S&P 500 -25.78% behind the index

Hypothetical returns from Wells Fargo's disclosed trades, not real profit or advice. How we model this.

Stock Performance and Moving Averages

Shares of KLA Corporation trade at $240.48, sitting comfortably above the company's 200-day moving average of $174.61 and its 50-day moving average of $191.79. The stock has experienced a wide trading range over the past year, moving between a low of $98.10 and a high of $307.37. With a market value exceeding $240 billion, the chip tools giant commands significant weight in the technology sector.

12-month forecast

$KLAC price target

KLA Corporation daily closes and this analyst's $305 target. Not advice.

Valuation and Earnings Outlook

The company trades at a trailing price-to-earnings ratio of 50.3, while its forward P/E ratio sits at 27.4. KLA Corporation posted revenue of $13.58 billion over the trailing period with a net margin of 35.6%. Investors will get a fresh look at the firm's financial health when KLA Corporation releases its next quarterly earnings report on October 28, 2026.

Broader Wall Street Sentiment

Other major financial institutions have also updated their views on the stock in recent months. Morgan Stanley maintains an Overweight rating with a $227.00 price target as of October 6, 2026. UBS holds a Neutral rating with a $200.00 target set on September 1, 2026. Meanwhile, Stifel keeps a Buy rating with a $250.00 target, and JP Morgan maintains an Overweight rating with a $238.00 target from their July reviews. Overall, the stock carries a consensus buy recommendation among analysts.

Inside KLA Corporation

Headquartered in Milpitas, California, KLA Corporation builds process control and yield management systems for the semiconductor industry. Its specialized equipment helps manufacturers inspect and measure wafers and integrated circuits to catch defects early in production. The company serves chipmakers globally across North America, Asia, and Europe.

What to Watch at KLA Corporation

Market participants will be watching for KLA Corporation's upcoming earnings release on October 28, 2026, for updates on semiconductor equipment demand. Analyst price targets across the Street range from a low of $175.00 to a high of $325.00, reflecting varied expectations for the chip supply chain.