Here are the key analyst insights:
BofA Securities analyst Vivek Arya maintained a Buy rating, while raising the price target from $465 to $540.
Needham analyst Charles Shi reaffirmed a Buy rating, while lifting the price target from $440 to $530.
KeyBanc Capital Markets analyst Steve Barger reiterated an Overweight rating, while raising the price target from $450 to $550.
Cantor Fitzgerald analyst C.J. Muse maintained an Overweight rating, while taking the price target higher from $550 to $575.
RBC Capital Markets analyst Srini Pajjuri reiterated an Outperform rating, while raising the price target from $500 to $520.
Check out other analyst stock ratings.
BofA Securities: Applied Materials reported record revenues and earnings that topped consensus estimates by 3% and 8%, respectively, Arya said in a note. The company raised its 2026 Systems sales growth projection to 30%, from the prior guide of 20%, he added.
Demand is growing across Applied Materials' "most strategic markets" of leading-edge Foundry and Logic, DRAM (dynamic random-access memory) and advanced packaging, which is expected to account for more than 80% of WFE (wafer fabrication equipment) growth in 2026, the analyst stated. Management has "unprecedented visibility" into 2027 and 2028, "with customers providing rolling eight-quarter forecasts," he ...
