On 10/15/24, KLA Corp (NASDAQ: KLAC) stock suffered a major decline of -14.7%, closing at $707.72. Moreover, trading volume in this decline was exceptionally high at 323% of normal. The stock has declined -9.5% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
KLAC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
KLA has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. KLA has a neutral Appreciation Score of 56 but a very high Power Rating of 87, leading to the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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