KLA (KLAC) is “Terrific,” Says Jim Cramer

Group 1 - KLA Corporation (NASDAQ:KLAC) is a semiconductor manufacturing equipment and services provider, with shares increasing by 117% over the past year and 22% year-to-date [2] - Morgan Stanley upgraded KLA's shares to Overweight from Equalweight, raising the price target to $1,694 from $1,214, citing expected revenue growth of 16% in 2026 and 19% in 2027 [2] - TD Cowen also upgraded KLA's shares, increasing the price target to $1,800 from $1,300 and changing the rating to Buy from Hold, based on optimism regarding foundry spending in the leading-edge sector [2] - Jim Cramer highlighted the strong demand for KLA's products, linking it to the hot data center market and noting insufficient production capacity for high-end chips [2] Group 2 - Cramer described KLA as "really, really terrific," indicating a positive outlook for the company [3] - Despite the potential of KLA, there is a belief that some AI stocks may offer higher returns with limited downside risk [3]