Morgan Stanley cuts KLA target to USD 227: KLA Corporation stock loses 1.08 percent

Published on 10/12/2026 at 11:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley lifted its 2027 revenue forecast to USD 21.4 billion on October 6, 2026. KLA Corporation stock costs EUR 173.76 versus EUR 175.66.

Key points in brief

Morgan Stanley cut its KLA price target from USD 253 to USD 227 on October 6, 2026, while retaining an Overweight rating.
The firm raised its 2027 revenue forecast from USD 20.4 billion to USD 21.4 billion.
KLA stock was at EUR 173.76 at Lang & Schwarz on October 12, 2026, down 1.08 percent versus the EUR 175.66 Xetra close of October 9, 2026.
KLA is scheduled to report first-quarter fiscal 2027 results on October 28, 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 (ISIN US4824801009) was trading at EUR 173.76 at Lang & Schwarz on October 12, 2026 at 11:42 a.m. CEST, down EUR 1.90, or 1.08 percent, versus the Xetra close of October 9, 2026 at EUR 175.66. Morgan Stanley cut its KLA price target from USD 253 to USD 227 on October 6, 2026 while retaining an Overweight rating, according to Investing.com.

Three milestones set the earnings bar

On April 29, 2026, KLA reported USD 3.415 billion in revenue for the third quarter of fiscal 2026, according to Yahoo Finance. On July 28, 2026, its June quarter produced USD 3.658 billion in revenue, as reported by Yahoo Finance. On October 6, 2026, Morgan Stanley lowered the target to USD 227 from USD 253 while increasing its 2027 revenue forecast from USD 20.4 billion to USD 21.4 billion, according to Investing.com.

What does the target cut change?

The revision creates a clear split in Morgan Stanley's view: its revenue outlook improved, but the valuation multiple applied to KLA's earnings fell from 36 times to 28 times. That combination puts the emphasis on execution, because the higher USD 21.4 billion forecast must now support expectations despite a lower valuation framework.

KLA's fiscal 2026 revenue reached USD 13.6 billion and net income reached USD 4.83 billion, according to Simply Wall St. The finance data show revenue growth of 11.70 percent from fiscal 2025, when revenue was USD 12.16 billion, while operating margin rose from 39.00 percent to 42.00 percent.

Next dates are already set

KLA announced on October 1, 2026 that it will publish first-quarter fiscal 2027 results on October 28, 2026 after the Nasdaq close, according to KLA. The annual meeting is scheduled for November 4, 2026, according to Simply Wall St.

KLA stock price and market scale

KLA had a market capitalization of USD 255.5 billion and a 52-week range of USD 99.86 to USD 307.37 as of October 9, 2026. Its current euro quote sits below the Xetra close of October 9, 2026, while the next results date gives the market a defined test for the higher revenue forecast.

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