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Applied Materials Inc has a consensus price target of $209.85 based on the ratings of 26 analysts. The high is $280 issued by B. Riley Securities on August 16, 2024. The low is $140 issued by Barclays on January 16, 2024. The 3 most-recent analyst ratings were released by Wells Fargo, Morgan Stanley, and Bernstein on December 6, 2024, December 5, 2024, and November 29, 2024, respectively. With an average price target of $194.67 between Wells Fargo, Morgan Stanley, and Bernstein, there's an implied 16.29% upside for Applied Materials Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Applied Mat (NASDAQ:AMAT) was reported by Wells Fargo on December 6, 2024. The analyst firm set a price target for $210.00 expecting AMAT to rise to within 12 months (a possible 25.45% upside). 74 analyst firms have reported ratings in the last year.
The latest analyst rating for Applied Mat (NASDAQ:AMAT) was provided by Wells Fargo, and Applied Mat maintained their overweight rating.
The last upgrade for Applied Materials Inc happened on June 5, 2024 when Barclays raised their price target to $225. Barclays previously had an underweight for Applied Materials Inc.
The last downgrade for Applied Materials Inc happened on December 5, 2024 when Morgan Stanley changed their price target from $179 to $164 for Applied Materials Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Applied Mat, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Applied Mat was filed on December 6, 2024 so you should expect the next rating to be made available sometime around December 6, 2025.
While ratings are subjective and will change, the latest Applied Mat (AMAT) rating was a maintained with a price target of $220.00 to $210.00. The current price Applied Mat (AMAT) is trading at is $167.40, which is out of the analyst’s predicted range.
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