KLAC

KLA
D

KLAC

Arincen87/100B

KLA stock forecast 2027–2031

Analysts' average 12-month price target for KLA is 219.11, 58.5% above the current price of 138.21. Their targets range from 133.00 to 425.00.

Of the 18 firms that rated KLA in the past 12 months, 14 rate it buy or strong buy, 4 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.

12-month price target
219.11 USD
+58.53%

Analysts' 1-year price targets range from 133.00 to 425.00, with an average of 219.11.

Past year
1-year forecast
Strong sellStrong buy
Buy
18 ratings
Strong buy
0
Buy
14
Hold
4
Sell
0
Strong sell
0

12-month price target

Highest target425.00
Average target219.11
Lowest target133.00
Current price138.21

KLA price target history

Have analysts recently raised or lowered their KLA price target and rating?

See how analysts moved their price target

How analysts rate KLA, month by month

14 of 18 firms rate it buy now, against 12 of 19 in December 2025.

Buy Hold Sell

Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.

Month endBuyHoldSellFirms
Nov 2026144018
Oct 2026144018
Sept 2026145019
Aug 2026145019
Jul 2026155020
Jun 2026155020
May 2026155020
Apr 2026156021
Mar 2026145019
Feb 2026145019
Jan 2026136019
Dec 2025127019

KLA analyst upgrades, downgrades and price targets

DateFirmRatingPrice targetChangePrice then
29 Oct 2026
Wells Fargo
Reiterated · Overweight245.00 → 210.00-14.3%169.46
29 Oct 2026
BMO Capital
—133.00—169.93

KLA EPS and revenue estimates

Analysts expect KLA's EPS to grow 32.3% a year until 2029, faster than over the last 5 years (22.3% a year) and the last 3 years (14.9%).

Analysts expect KLA's revenue to grow 24.4% a year until 2029, faster than over the last 5 years (14.4% a year) and the last 3 years (9.0%).

Revenue

ReportedEstimate

EPS

ReportedEstimate
Fiscal yearEPSEPS growthEPS rangeRevenueRevenue growthRevenue rangeAnalysts
FY2029 (est.) 8.47+19.3%6.68 – 9.96 26.16B+15.5%22.16B – 28.36B6
FY2028 (est.) 7.10+23.1%6.58 – 7.72 22.65B+20.1%21.22B – 24.08B14
FY2027 (est.) 5.77+53.4%5.37 – 5.94 18.86B+38.9%17.49B – 19.50B16
FY2026 3.76+12.8%— 13.58B+11.7%——
FY2025 3.33+39.8%— 12.16B+23.9%——
FY2024 2.38-6.1%— 9.81B-6.5%——
FY2023 2.54—— 10.50B———

Does KLA beat earnings estimates?

On average, analysts' EPS estimate was 5.0% off the result, either way, and their revenue estimate 2.1%, over the last 12 quarters.

EPS beats
108 / 134
Revenue beats
106 / 120
Average EPS surprise, last 12
+5.0%
Since
January 1993
QuarterReport dateEPS estimateReported EPSSurpriseRevenue estimateReported revenueSurprise
Q1 FY202728 Oct 20261.191.22+2.5%4.04B4.14B+2.3%
Q4 FY202628 Jul 20261.001.05+5.0%3.61B3.66B+1.4%
Q3 FY202629 Apr 20260.920.94+2.5%3.37B3.42B+1.2%
Q2 FY202629 Jan 20260.880.89+1.1%3.25B3.30B+1.5%
Q1 FY202629 Oct 20250.860.88+2.3%3.17B3.21B+1.2%
Q4 FY202531 Jul 20250.850.94+10.6%3.08B3.17B+3.1%
Q3 FY202530 Apr 20250.810.84+3.7%3.01B3.06B+1.8%
Q2 FY202531 Jan 20250.770.82+6.5%2.95B3.08B+4.4%
Q1 FY202530 Oct 20240.700.73+4.1%2.75B2.84B+3.4%
Q4 FY202425 Jul 20240.610.66+8.2%2.52B2.57B+1.9%
Q3 FY202425 Apr 20240.490.53+8.2%2.31B2.36B+2.3%
Q2 FY202425 Jan 20240.590.62+5.1%2.46B2.49B+1.0%

KLA stock price 2027–2031: scenarios

If KLA's earnings keep growing at the 31.1% a year analysts expect to FY2029, it would earn about 14.55 a share in FY2031. At the P/E it has traded at over the last five years (14.5 to 82.0) that is 210.43 to 1,193.26 a share, or 542.34 at its average P/E of 37.3. This is arithmetic on the analysts' estimates, not a prediction.

Bull Base Bear
Fiscal yearEPSBearBaseBull
FY2027 5.7783.40214.94472.91
FY2028 7.10102.63264.50581.95
FY2029 8.47122.46315.61694.40
FY2030 (extrapolated)11.10160.53413.73910.28
FY2031 (extrapolated)14.55210.43542.341,193.26

Each year's EPS is the analysts' consensus to FY2029; the years after continue its 31.1% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (14.5, 37.3, 82.0).

Is KLA stock undervalued or overvalued?

KLA's P/E of 34.4 is above the middle of its 5-year range (11.9 to 84.7, median 29.0). Analysts expect faster growth than in recent years, which can explain part of the high P/E. Buyers pay about the usual price for each point of growth: a PEG of 1.1 on expected growth against 1.3 on its median P/E and past five years' growth. At its usual P/E (28.8 × EPS of 4.02), KLA's fair value is 115.68; the price, 138.21, is ⁦19.5%⁩ above it. Its forward P/E, on the consensus for FY2027, is 24.0.

The price against its fair value
Fair value 115.68Price 138.2148.04340.94

Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (11.9 and 84.7). The price against its P/E range

Price to earnings ratio (TTM)
34.35
Five-year median P/E
28.95
Five-year P/E range
11.9 – 84.7
Forward P/E (FY2027)
23.96
PEG ratio
1.11
To the average target
+58.5%
See the full P/E history check Plus

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Common questions about the KLA stock forecast

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