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KLA Corp Stock Fell 9% and Analysts Still See Downside. Is KLAC Finally Cheap?

KLA Corp Stock Fell 9% and Analysts Still See Downside. Is KLAC Finally Cheap?

Key Stats for KLA Corp Stock

  • Current Price: $244.49
  • Target Price (Mid): ~$365
  • Street Target: ~$205
  • Potential Total Return: ~49%
  • Annualized IRR: ~10% / year
  • Earnings Reaction: -3.63% (April 29, 2026)

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What Happened?

KLA Corporation (KLAC) lost 9.17% on June 23, just one day after touching an all-time high. The drop had nothing to do with KLA. A report that South Korea’s SK Hynix is slowing its high-bandwidth memory ramp rattled the whole AI-chip complex, and KLA fell with the group.

That is the kind of move value hunters wait for: a great business knocked down on someone else’s news….

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