JP Morgan Maintains Overweight on Applied Materials, Lowers Price Target to $500
JP Morgan analyst Harlan Sur maintains Applied Materials (NASDAQ:AMAT) with a Overweight and lowers the price target from $660 to $500.
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JP Morgan analyst Harlan Sur maintains Applied Materials (NASDAQ:AMAT) with a Overweight and lowers the price target from $660 to $500.
Applied Materials reported record fiscal 2026 revenue of $34.4 billion, growing 21% year-over-year, driven by AI infrastructure demand. The company plans to double systems output by 2028 and has achieved 14 consecutive quarters of gross margin expansion, positioning it to outgrow the broader wafer fab equipment market.
Applied Materials shares fell after earnings; analysts kept Buy/Overweight ratings but cut targets amid sector multiple compression.
Mizuho analyst Vijay Rakesh maintains Applied Materials (NASDAQ:AMAT) with a Outperform and lowers the price target from $590 to $510.
Lam Research (LRCX) stock dropped alongside peers AMAT and KLAC following NVIDIA CEO Jensen Huang's departure.
UBS analyst Timothy Arcuri maintains Applied Materials (NASDAQ:AMAT) with a Buy and lowers the price target from $695 to $640.
Wells Fargo analyst Joe Quatrochi maintains Applied Materials (NASDAQ:AMAT) with a Overweight and lowers the price target from $610 to $500.
RBC Capital analyst Srini Pajjuir reiterates Applied Materials (NASDAQ:AMAT) with a Outperform and maintains $600 price target.
TD Cowen analyst Krish Sankar maintains Applied Materials (NASDAQ:AMAT) with a Buy and lowers the price target from $700 to $500.
Jefferies analyst Blayne Curtis maintains Applied Materials (NASDAQ:AMAT) with a Buy and lowers the price target from $770 to $580.
B. Riley Securities analyst Craig Ellis maintains Applied Materials (NASDAQ:AMAT) with a Buy and raises the price target from $475 to $500.
HSBC argues that the correction in equity markets is "overdone," and names 11 Buy-rated AI stocks to buy on the dip.
Evercore ISI Group analyst Mark Lipacis maintains Applied Materials (NASDAQ:AMAT) with a Outperform and lowers the price target from $590 to $430.
B of A Securities analyst Vivek Arya maintains Applied Materials (NASDAQ:AMAT) with a Buy and lowers the price target from $650 to $520.
Bernstein analyst Stacy Rasgon maintains Applied Materials (NASDAQ:AMAT) with a Outperform and lowers the price target from $700 to $600.
Stifel analyst Brian Chin maintains Applied Materials (NASDAQ:AMAT) with a Buy and lowers the price target from $650 to $600.
Needham analyst Charles Shi maintains Applied Materials (NASDAQ:AMAT) with a Buy and lowers the price target from $580 to $470.
Applied Materials (AMAT) beat Q4 earnings and revenue estimates, issuing strong Q1 guidance as surging AI chip demand fuels record growth.
U.S. stock futures were mixed on Friday, as the Dow Jones, S&P 500, and Nasdaq 100 indices were mixed, after Thursday's close lower.
Stocks in focus: Applied Materials and Cisco beat estimates and raised guidance; Flowers Foods missed and cut outlook. Mizuho and SMFG report earnings.
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