KLA Corporation Cratered 40% Over The Last 30 Days: The Next 12 Months Will Bring 75% Returns According to One Wall Street Pro

KLA Corporation (KLAC) has experienced a significant 40% drop from its highs over the past 30 days despite beating earnings estimates. However, Wall Street analysts maintain a bullish outlook, with Cantor Fitzgerald setting a $325 price target, implying a roughly 78% upside, driven by the company's crucial role in semiconductor process control for advanced chip manufacturing. The selloff is attributed to a lower-than-expected revenue guide and concerns over U.S. restrictions on China sales, though analysts believe KLA's fundamentals for the AI capex cycle remain strong.