🟢 KLA Corporation is trading 5.6% up today on Cantor Fitzgerald price target hike and ahead of stock split effective date

KLA Corporation is trading 5.6% up at $2,254.33 driven by a bullish analyst rating and the effective date for its previously announced stock split.

• Analyst Upgrade: Cantor Fitzgerald raised its price target to $2,500 from $2,000, citing a "multi-year supply-constrained and durable upcycle" for the semiconductor equipment industry fueled by AI demand. [3]
• Stock Split: Today is the effective date for the company's 10-for-1 stock split. Shareholders of record on June 4 will receive nine additional shares for each share held after the close of trading today, June 11. [7, 11, 17] Trading on a split-adjusted basis will begin on June 12.