KLAC Stock Surges 9% With A 5-day Winning Spree On Jefferies Upgrade To $1,500

KLAC: KLA logo
KLAC
KLA

KLA (KLAC) stock hit day 5-day winning streak, with cumulative gains over this period amounting to a 9%. The company market cap has surged by about $14 Bil over the last 5 days, and currently stands at $168 Bil.

The stock has YTD (year-to-date) return of 104.4% compared to 17.9% for S&P 500. This calls for re-evaluation of stock’s valuation, and find out whether this is an opportunity, or a trap.

What Triggered The Rally?

Catalyst Details Impact Date
     
Multiple Analyst Upgrades & Price Target Hikes
  • Jefferies upgrade to Buy, PT raised to $1,500
  • Oppenheimer Outperform rating, PT set to $1,400
  • Sharp Price Increase
  • Increased Investor Confidence
2025-12-18
     
Positive Semiconductor Sector Forecast
  • SEMI forecasts record equipment sales for 2025
  • AI-driven demand fueling strong industry growth
  • Broad Sector-Wide Rally
  • Macro Tailwinds
2025-12-17
     

Opportunity or Trap?

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Below is our take on valuation.

There is not much to fear in KLAC stock given its overall Strong operating performance and financial condition. But given its Very High valuation, the stock appears Relatively Expensive (For details, see Buy or Sell KLAC).

But here is the real interesting point.

You are reading about this 9% move after it happened. The market has already priced in the news. To catch the next winner before the headlines, you need predictive signals, not notifications. Our High Quality Portfolio has flagged 5 new opportunities that haven not surged yet.

Returns vs S&P 500

The following table summarizes the return for KLAC stock vs. the S&P 500 index over different periods, including the current streak:

Return Period KLAC S&P 500
1D 0.6% 0.3%
5D (Current Streak) 9.0% 3.1%
1M (21D) 12.3% 3.4%
3M (63D) 20.8% 5.0%
YTD 2025 104.4% 17.9%
2024 9.4% 23.3%
2023 56.0% 24.2%
2022 -11.2% -19.4%

However, big gains can follow sharp reversals – but how has KLAC behaved after prior drops? See KLAC Dip Buyer Analysis to learn more.

Gains and Losses Streaks: S&P 500 Constituents

There are currently 128 S&P constituents with 3 days or more of consecutive gains and 7 constituents with 3 days or more of consecutive losses.
 

Consecutive Days # of Gainers # of Losers
3D 58 6
4D 22 0
5D 38 0
6D 8 0
7D or more 2 1
Total >=3 D 128 7

 
 
Key Financials for KLA (KLAC)

Last 2 Fiscal Years:

Metric FY2024 FY2025
Revenues $9.8 Bil $12.2 Bil
Operating Income $3.6 Bil $5.0 Bil
Net Income $2.8 Bil $4.1 Bil

Last 2 Fiscal Quarters:

Metric 2025 FQ4 2026 FQ1
Revenues $3.2 Bil $3.2 Bil
Operating Income $1.4 Bil $1.3 Bil
Net Income $1.2 Bil $1.1 Bil

While KLAC stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.