Applied Materials (AMAT) PT Raised to $132 at Susquehanna

February 19, 2021 7:11 AM EST
Get Alerts AMAT Hot Sheet
Price: $134.14 -0.71%

Rating Summary:
    27 Buy, 4 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 8 | New: 31
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Susquehanna analyst Mehdi Hosseini raised the price target on Applied Materials (NASDAQ: AMAT) to $132.00 (from $106.00) while maintaining a Positive rating.

The analyst commented, "We are updating estimates and increasing PT to $132 given the underlying assumption that '21 WFE is now tracking to $75bn while AMAT is expected to outgrow the industry. Getting the Kokusai deal done will be viewed as "icing on the cake", though no deal could also lead to aggressive capital return; a win-win for investors."

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