KLA Corporation stock jumps 3.9% on Jefferies upgrade, price target raised to $1,500.

KLA Corporation's stock surged 3.9% after Jefferies upgraded its rating to Buy and raised the price target to $1,500. TD Cowen and Stifel also raised their price targets, citing strong growth prospects. The shares have been volatile and had 14 moves greater than 5% over the past year. KLA has risen 94.2% since the beginning of the year and is trading near its 52-week high of $1,246.