Morgan Stanley cuts target for KLA Corporation stock to USD 227

Published on 10/13/2026 at 12:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue hit USD 13.58 billion, up 11.70 percent year over year. KLA Corporation stock costs EUR 167.69 on October 13, 2026 versus EUR 170.96.

Morgan Stanley lowered its KLA price target to USD 227 from USD 253 on October 6, 2026.
KLA reported fiscal 2026 revenue of USD 13.58 billion, up 11.70 percent year over year.
The Lang & Schwarz price was EUR 167.69 on October 13, 2026, down 1.91 percent versus the Xetra close of EUR 170.96 on October 12, 2026.
KLA is scheduled to report fiscal first-quarter 2027 results on October 28, 2026.

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KLA Corporation (ISIN US4824801009) was trading at EUR 167.69 at Lang & Schwarz on October 13, 2026 at 12:19 p.m. CEST, down 1.91 percent versus the Xetra close of EUR 170.96 on October 12, 2026. On October 6, 2026, Investing.com reported that Morgan Stanley lowered its KLA price target to USD 227 from USD 253 while maintaining an Overweight rating. The target cut puts valuation, rather than demand alone, at the center of the semiconductor equipment debate.

Target cut meets higher forecasts

Morgan Stanley raised its calendar 2027 revenue forecast for KLA to USD 21.40 billion from USD 20.40 billion, while increasing its earnings-per-share estimate to USD 6.77 from USD 6.23, according to Investing.com on October 6, 2026. That combination is important: the operating assumptions improved even as the price target fell.

The same report said Morgan Stanley cut its valuation multiple assumption to 28 times from 36 times. It also projected 42.00 percent growth for KLA in 2027 versus 37.00 percent for the broader wafer-fabrication-equipment market, leaving investors with a more constructive business forecast but a stricter valuation framework.

What does the target cut change?

KLA's latest annual numbers provide the operating baseline. The company reported fiscal 2026 revenue of USD 13.58 billion, up 11.70 percent from fiscal 2025, while fiscal 2026 net income reached USD 4.83 billion, up 19.00 percent. These figures were reported in the company's investor material dated July 28, 2026, available through KLA.

Three dates define the setup

On July 28, 2026, KLA published its June-quarter earnings, with revenue of USD 3.66 billion. On October 1, 2026, KLA announced that it would report fiscal first-quarter 2027 results on October 28, 2026. On October 6, 2026, Morgan Stanley cut its target from USD 253 to USD 227, the latest dated event in this sequence.

Upcoming reporting dates

Simply Wall St lists October 28, 2026, for KLA's fiscal first-quarter 2027 results and November 4, 2026, for the annual meeting. The October report will test whether the USD 4.00 billion revenue outlook, plus or minus USD 200.00 million, is translating into the growth Morgan Stanley expects.

Stock price and investor context

KLA's market capitalization was USD 248.0 billion on October 13, 2026, according to the latest market data. The Nasdaq-listed company trades under ticker KLAC and develops process-control and process-enabling systems used in wafer, reticle, integrated-circuit and packaged-chip manufacturing.

The stock was trading at EUR 167.69 at Lang & Schwarz on October 13, 2026 at 12:19 p.m. CEST, down 1.91 percent versus the Xetra close of EUR 170.96 on October 12, 2026. The further course of trading is shown by the continuously updated real-time quote of KLA Corporation stock.