Applied Materials, Inc. AMAT reported better-than-expected results for its third quarter.
The company also said it sees Q4 adjusted earnings of $1.82 to $2.18 per share on sales of $6.25 billion to $7.05 billion.
Applied Materials shares rose 0.6% to $108.92 in the pre-market trading session.
Several analysts made changes to their price targets on Applied Materials today.
- Wells Fargo raised the price target on the stock from $120 to $125. However, Wells Fargo analyst Joseph Quatrochi maintained an Overweight rating on the stock.
- Goldman Sachs increased price target on the stock from $95 to $109. However, Goldman Sachs analyst Toshiya Hari maintained Applied Materials with a Buy.
However, these analysts lowered their price target on Applied Materials.
- Needham cut price target on the stock from $130 to $125. However, Needham analyst Quinn Bolton maintained Applied Materials with a Buy.
- Mizuho lowered AMAT’s price target from $160 to $150. Mizuho analyst Vijay Rakesh maintained a Buy rating on the stock.
Check out this: U.S. Stock Futures Down Ahead Of Earnings; Crude Oil Drops
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