Applied Materials (AMAT) Price Target Raised to $540 from $500
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowMizuho analyst Vijay Rakesh increased the price target for Applied Materials (AMAT) to $540 from $500 on May 27, maintaining an Outperform rating. Additionally, the firm's forecast for wafer fab equipment spending for 2026 rose to $153 billion from $142 billion, and for 2027 to $190 billion from $163 billion. The upgrades reflect improving market conditions, particularly in the NAND and DRAM sectors, and rising demand for CPU and GPU configurations for AI applications. Early in May, Argus also raised its price target on AMAT to $500 from $420 following a positive earnings report.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Applied Materials Inc. (AMAT)
Applied Materials is the largest maker of semiconductor-manufacturing equipment.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier AMAT news
- Applied Materials (AMAT) CEO Reports 178% Stock Surge Over Year
- Form 144 Filing for Applied Materials Inc (AMAT) on May 26
- Applied Materials (AMAT) Gains Analyst Support Amid Market Recovery
- AMAT and LRCX Stocks Defended Amid Market Pressures
- Applied Materials (AMAT) and Intel (INTC) Lead Premarket Stock Moves
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