Morgan Stanley cut KLA target to USD 227. KLA Corporation stock gains 1.50 percent

Published on 10/09/2026 at 15:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY2026 revenue reached USD 13.58 billion, up 11.70 percent. KLA Corporation stock costs EUR 178.76 on October 9, 2026 after EUR 176.11.

Key points in brief

Morgan Stanley cut its KLA price target from USD 253.00 to USD 227.00 on October 6, 2026, while keeping Overweight.
KLA reported FY2026 revenue of USD 13.58 billion, up 11.70 percent year over year.
The stock was at EUR 178.76 at Lang & Schwarz on October 9, 2026, plus 1.50 percent versus EUR 176.11.

Isometrische Illustration der Halbleiter-Fertigungskette von Wafer bis fertigem Chip — Isometrische 3D-Grafik veranschaulicht Wertschöpfungskette von KLA Corporation ISIN US4824801009 von Silizium bis Chip-Verpackung, Illustration mit AI erstellt.

KLA Corporation (ISIN US4824801009) was trading at EUR 178.76 at Lang & Schwarz on October 9, 2026 at 3:31 p.m. CEST, up 1.50 percent versus the prior close of EUR 176.11. On October 6, 2026, Morgan Stanley cut its KLA price target from USD 253.00 to USD 227.00 while maintaining an Overweight rating, according to Investing.com.

Three figures define the chronology

On October 1, 2026, KLA announced that it would publish first-quarter fiscal 2027 results on October 28 at 2:00 p.m. PT, according to KLA Corporation. On October 5, 2026, KLA was reported to have generated USD 13.58 billion of revenue in fiscal 2026, up 11.70 percent from the prior year, according to Ticker Scout. The October 6 target reduction then added a valuation counterpoint to the growth figures.

What does the target cut mean?

Morgan Stanley raised its calendar-year 2027 revenue forecast for KLA to USD 21.40 billion from USD 20.40 billion and increased its earnings-per-share estimate to USD 6.77 from USD 6.23, even as it reduced the target multiple from 36 times to 28 times. Its report also projected 42.00 percent growth for KLA in 2027 against 37.00 percent for the wafer fabrication equipment market, according to Investing.com. The combination points to a higher operating outlook paired with a lower valuation framework.

Next date is October 28

KLA's next company-announced reporting date is October 28, 2026, when it plans to release first-quarter fiscal 2027 results after the Nasdaq session and hold its webcast at 2:00 p.m. PT, according to KLA Corporation. The upcoming report will test whether the expected revenue step-up can support the stronger earnings outlook while the lower target multiple remains in place.

Price rises as valuation stays central

KLA's market capitalization was USD 261.5 billion as of October 9, 2026, while its Lang & Schwarz quote stood at EUR 178.76 at 3:31 p.m. CEST. The daily move of plus 1.50 percent gives the market context for the latest analyst action, but the target cut and the raised revenue forecast point in opposite directions for valuation and operating expectations.

The further course of trading is shown by the continuously updated real-time quote of KLA Corporation stock.