Is KLA Corporation (KLAC) One of the Best Forever Stocks to Buy According to Hedge Funds?

Group 1 - KLA Corporation is considered one of the best long-term stocks to buy, with hedge funds showing strong interest [1] - Jefferies upgraded KLA Corporation to a Buy rating, driven by increasing artificial intelligence-related spending and a positive outlook for semiconductor capital equipment [2][3] - The company is expected to benefit from a multi-year growth trajectory in semiconductor capital equipment, particularly in wafer fab equipment through 2026 and 2027 [2][3] Group 2 - KLA Corporation's revenue forecasts have been raised to $14 billion for 2026 and $15.5 billion for 2027, reflecting the impact of AI on demand for leading-edge foundry memory and packaging [3] - Bank of America also raised its price target for KLA Corporation to $1450 from $1400, maintaining a Buy rating amid expectations of an upgrading cycle for traditional IT infrastructure [4] - The company specializes in advanced process control equipment and services for the semiconductor and electronics industries, enhancing chipmakers' production quality [5]