KLA Corporation (KLAC) Surges 77% After 10-for-1 Stock Split

AI Summary

KLA Corporation (KLAC) experienced a 77% increase over three months post a 10-for-1 stock split, currently trading at $254.54, 24% above Wall Street's consensus price target of $193. However, Q3 FY2026 free cash flow fell 37% year over year, raising concerns against its high 72x trailing P/E ratio. The company reported Q3 revenue of $3.415 billion, with non-GAAP EPS at $9.40, exceeding analyst expectations. In light of these numbers, analysts maintain a Hold rating, noting a potential pullback to $180 or the recovery of free cash flow as key signals.