Morgan Stanley Downgrades KLA Corp (KLAC) But Lifts Price Target on Earnings Growth Prospects

KLA Corp (NASDAQ:KLAC) is one of the high-growth semiconductor stocks that are profitable in 2025. On September 22, Morgan Stanley downgraded the stock to ‘Equal-weight’ from Overweight and increased the price target to $1,093 from $928. Morgan Stanley Downgrades KLA Corp (KLAC) But Lifts Price Target on Earnings Growth Prospects The downgrade comes amid concerns that valuation remains stretched, with the stock trading at a 30% valuation premium. Despite the downgrade, the research firm has reiterated th ...