BofA and Wells Fargo Lift AMAT Price Targets as Applied Materials Joins Russell Top 50
BofA raised AMAT's target to $720 from $540 and Wells Fargo lifted it to $740 from $715, as Applied Materials exits Russell Value indexes for the Russell Top 50.
Applied Materials Inc. (NASDAQ: AMAT) is a technology company, listed on the NASDAQ. Alpha Stocks Insight has published 7 articles on AMAT since May 8, 2026, most recently "Applied Materials (NASDAQ: AMAT) Posts Record Q3 Revenue of $9.12B, Raises Q4 Outlook" on Thursday, August 13, 2026. Coverage to date spans Technology and Earnings Report, tracking AMAT's earnings, analyst activity, and material corporate events. New coverage is added each trading day.
Price
$468.85
Today
-0.83%
Mkt Cap
$372.1B
P/E
40.2x
52W High
$739.67
52W Low
$161.75
Data via Finnhub · refreshes hourly · not financial advice
Record $9.12B revenue and adjusted EPS of $3.50 beat estimates, yet Q4 guidance of $10.25B and 2027 growth outlook is what investors are now pricing.
BofA raised AMAT's target to $720 from $540 and Wells Fargo lifted it to $740 from $715, as Applied Materials exits Russell Value indexes for the Russell Top 50.
AMAT's gross margin just reached its highest level in 25 years, driven by AI chip demand and premium products. Here's what's behind the milestone and whether it can last.
Applied Materials reports Q2 2026 earnings Thursday as investors weigh AI-driven chip demand against slowing China sales. Analyst consensus sits at 36 Buy ratings.
AMAT dropped 3.00% on Tuesday after announcing expanded TSMC partnership, signaling sector caution.
Applied Materials gained 1.91% on Monday, May 11 as the chipmaker deepens ties with TSMC to accelerate AI semiconductor scaling.
Applied Materials slides as negative revenue momentum and high valuation raise concerns about semiconductor equipment cycle maturity.
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Important Legal Disclaimer: This is for informational purposes only and is not financial, investment, or tax advice. Past performance is no guarantee of future results. We are not licensed advisors. For Swiss residents: This does not constitute a public offer under FINSA. For EU residents: Not MiFID II compliant advice. For US residents: Not SEC-registered advice. Always consult a qualified professional. Investing involves risk of loss.