Applied Materials (AMAT) PT Raised to $170 at Susquehanna
Susquehanna analyst Mehdi Hosseini raised the price target on Applied Materials (NASDAQ: AMAT) to $170.00 (from $155.00) while maintaining a Positive rating.
The analyst commented, "We are updating estimates given the underlying assumption that '21 WFE is now tracking to $75-80bn and '22 WFE continues to grow. AMAT is expected to outgrow the industry."