Bernstein analyst maintains Applied Materials (NASDAQ:AMAT) with a Outperform
Bernstein analyst Stacy Rasgon maintains Applied Materials (NASDAQ:AMAT) with a Outperform and raises the price target from $230 to $240.
News & Forecast & Price target & Analyst Ratings & Estimates
Applied Materials, Inc. (NASDAQ:AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible a better future.
Bernstein analyst Stacy Rasgon maintains Applied Materials (NASDAQ:AMAT) with a Outperform and raises the price target from $230 to $240.
Applied Materials (AMAT) sales are expected to rebound to double-digit growth from fiscal year 2025 as the company is well leveraged in artificial intelligence silicon technologies like high-bandwidth memory, advanced packaging, and leading-edge logic, BofA Securities said in a note Friday. The investment firm expects growth in dynamic random access memory, or DRAM, shipments to China to either slow down or stabilize in fiscal H2, putting pressure on Applied Materials’ gross margin as the year progresses. This will be offset by increased demand for high-bandwidth memory and double data rate, BofA added. The company is also likely to face challenges as ICAPS is expected to decline this year, according to the note. BofA said Applied Materials’ competitors, which have a greater focus on leading-edge logic, might perform better. The firm said leading-edge logic will recover in fiscal H2 due to growth in gate-all-around, backside power delivery, and advanced packaging. BofA…
Cantor Fitzgerald analyst C J Muse reiterates Applied Materials (NASDAQ:AMAT) with a Neutral and maintains $220 price target.
Applied Materials, Inc. (Nasdaq: AMAT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 16.62% Goldman Sachs $156 → $220 Maintains Buy 02/16/2024 19.27% Mizuho $185 → $225 Maintains Buy 02/16/2024 -1.93% UBS $180 → $185 Maintains Neutral 02/16/2024 16.62% Goldman Sachs $156 → $220 Maintains Buy 02/16/2024 11.85% Citigroup $170 → $211 Maintains Buy 02/16/2024 32.52% B. Riley Securities $220 → $250 Reiterates Buy → Buy 02/16/2024 19.27% Raymond James $180 → $225 Maintains Outperform 02/16/2024 21.92% Stifel $175 → $230 Maintains Buy 02/16/2024 -15.19% Susquehanna $138 → $160 Maintains Neutral 02/16/2024 27.22% Needham $180 → $240 Maintains Buy 02/12/2024 0.72% Morgan Stanley $142 → $190 Maintains Equal-Weight 02/12/2024 -4.59% Cantor Fitzgerald → $180 Reiterates Neutral → Neutral 02/12/2024 16.62% B. Riley Securities $175 → $220 Maintains Buy 01/23/2024 -4.59% Cantor Fitzgerald → $180 Initiates Coverage On → Neutral 01/19/2024 -4.59%…
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Applied Materials, Inc. (Nasdaq: AMAT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/16/2024 13.52% Needham $180 → $240 Maintains Buy 02/12/2024 -10.13% Morgan Stanley $142 → $190 Maintains Equal-Weight 02/12/2024 -14.86% Cantor Fitzgerald → $180 Reiterates Neutral → Neutral 02/12/2024 4.06% B. Riley Securities $175 → $220 Maintains Buy 01/23/2024 -14.86% Cantor Fitzgerald → $180 Initiates Coverage On → Neutral 01/19/2024 -14.86% Raymond James $160 → $180 Maintains Outperform 01/16/2024 -33.78% Barclays $120 → $140 Maintains Underweight 12/12/2023 -12.5% TD Cowen $165 → $185 Maintains Outperform 11/22/2023 -17.23% Redburn Atlantic → $175 Upgrades Neutral → Buy 11/17/2023 -21.01% Mizuho $162 → $167 Maintains Buy 11/17/2023 -19.59% JP Morgan $165 → $170 Maintains Overweight 11/17/2023 -32.84% Morgan Stanley $139 → $142 Maintains Equal-Weight 11/17/2023 -14.86% Needham → $180 Reiterates Buy → Buy 10/13/2023 -14.86% Needham → $180 Upgrades Hold → Buy 10/05/2023…
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By Callum Keown Applied Materials (Nasdaq: AMAT) ‘ earnings beat and upbeat outlook gave Wall Street cause to believe that the chip equipment maker’s strong rally can keep going. The shares, which surged 12% to $210.50 ahead of the open Friday, enjoyed a flurry of price target hikes from analysts Friday. Wall Street is bullish on the stock, with 65% of analysts rating it Buy, according to FactSet data. Applied’s CEO Gary Dickerson said the company was positioned at key inflection points in the chip industry and was set to continue to outperform “as customers ramp up next-generation chip technologies” critical to artificial intelligence, in the earnings release. J.P.Morgan analyst Harlan Sur appeared to agree with that assessment as he raised his price target to $230 from $170 and maintained an Overweight rating. He said Applied was well-positioned to benefit from “multiple technology inflections that should drive outperformance” over the…
Mizuho analyst Vijay Rakesh maintains Applied Materials, Inc. (Nasdaq: AMAT) with a Buy and raises the price target from $185 to $225.
Applied Materials Sees 2Q Adj EPS $1.79-Adj EPS $2.15.
Applied Materials Announces First Quarter 2024 Results — Revenue $6.71 billion, flat year over year — GAAP operating margin 29.3 percent and non-GAAP operating margin 29.5 percent, up 0.1 points and flat year over year, respectively — GAAP EPS $2.41 and non-GAAP EPS $2.13, up 19 percent and 5 percent year over year, respectively — Generated $2.33 billion in cash from operations SANTA CLARA, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) — Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its first quarter ended Jan. 28, 2024. First Quarter Results Applied generated revenue of $6.71 billion. On a GAAP basis, the company reported gross margin of 47.8 percent, operating income of $1.97 billion or 29.3 percent of net revenue, and earnings per share (EPS) of $2.41. On a non-GAAP basis, the company reported gross margin of 47.9 percent, operating income of $1.98 billion or 29.5 percent of net revenue, and…
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Applied Materials, Inc. (Nasdaq: AMAT) reported quarterly earnings of $2.13 per share which beat the analyst consensus estimate of $1.91 by 11.52 percent. The company reported quarterly sales of $6.71 billion which beat the analyst consensus estimate of $6.48 billion by 3.55 percent. This is a 0.47 percent decrease over sales of $6.74 billion the same period last year.