Oct. 20 at 11:04 AM
Barclays crowns a new winner in semis, upgrading
$KLAC to Overweight & raising its PT to 1200.
Here's why they're so bullish:
1️⃣ Top AI Pick: A key beneficiary of soaring AI compute investments.
2️⃣ Low China Risk: Best insulated in the group from China market headwinds.
3️⃣ Strong Growth: Seen as the "best secular story," with ~10% growth estimated ex-China in 2026.
4️⃣ Massive Run: The stock is already up 76% in 2025.