Morgan Stanley cuts KLA target. KLA Corporation stock falls 4.09 percent

Published on 10/20/2026 at 10:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KLA Corporation stock costs EUR 147.03 on October 20, 2026 versus EUR 153.30 at Xetra. First-quarter results are due October 28, 2026.

Target cut and earnings date

Morgan Stanley cut its KLA target to USD 227.00 from USD 253.00 on October 5, 2026.
June-quarter revenue reached USD 3.66 billion versus USD 3.42 billion in the March quarter.
KLA Corporation stock trades at EUR 147.03 at 10:37 a.m. CEST at Lang & Schwarz on October 20, 2026, 4.09 percent below the Xetra close of October 19, 2026.

Draufsicht auf Aktienzertifikat, ISIN-Karte, Siliziumwafer und Mikrochips auf dunklem Tisch — Flatlay-Arrangement illustriert KLA Corporation ISIN US4824801009 mit Aktienzertifikat, ISIN-Karte, Wafern und Chip-Bauteilen, Illustration mit AI erstellt.

KLA Corporation stock (ISIN US4824801009) was trading at EUR 147.03 at Lang & Schwarz on October 20, 2026, down 4.09 percent against the Xetra close of EUR 153.30 on October 19, 2026. On October 5, 2026, MarketScreener reported that Morgan Stanley cut its KLA target from USD 253.00 to USD 227.00 while keeping an Overweight rating.

The target cut raises the bar

The revision puts more emphasis on execution ahead of KLA's next results. The target was reduced by 10.28 percent, calculated from USD 253.00 to USD 227.00, while the company remains tied to demand for process-control and inspection systems used in chip manufacturing.

Three events shape the timeline

On April 29, 2026, KLA reported March-quarter revenue of USD 3.42 billion and net income of USD 1.20 billion, according to Simply Wall St. On July 28, 2026, June-quarter revenue reached USD 3.66 billion and net income reached USD 1.36 billion, also reported by Simply Wall St. On October 5, 2026, Morgan Stanley cut its target to USD 227.00 from USD 253.00, according to MarketScreener.

What does the guidance mean for margins?

For the fiscal quarter ending September 30, 2026, KLA guided to revenue of USD 4.0 billion plus or minus USD 200.0 million, GAAP gross margin of 61.6 percent plus or minus 1.0 percentage point and GAAP diluted earnings per share of USD 1.14 plus or minus USD 0.10, according to Simply Wall St. The revenue midpoint would be 9.36 percent above the June-quarter figure of USD 3.66 billion, making margin delivery a central test for the October report.

Two dates matter next

KLA is scheduled to report first-quarter fiscal 2027 results on October 28, 2026, according to the KLA investor site. Its annual meeting is scheduled for November 4, 2026, according to Simply Wall St.

Stock reflects a demanding setup

KLA Corporation stock was trading at EUR 147.03 at Lang & Schwarz on October 20, 2026 at 10:37 a.m. CEST, 4.09 percent below the Xetra close of October 19, 2026 at EUR 153.30. The Nasdaq-listed company had a 52-week range of EUR 93.65 to EUR 262.25 in the same October 20, 2026 quote snapshot. The further course of trading is shown by the continuously updated real-time quote of KLA Corporation stock.