Applied Materials Shares Down 4% on Q2 Earnings Miss and Weaker-than-Expected Outlook
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Applied Materials (AMAT) PT Lowered to $130 at Needham & Company
May 20, 2022 6:52 AM EDTNeedham & Company analyst N. Quinn Bolton lowered the price target on Applied Materials (NASDAQ: AMAT) to $130.00 (from $172.00) while maintaining a Buy rating following earnings.
The analyst commented, "Supply chain headwinds caused AMAT to miss estimates and guide below consensus.... More
Applied Materials (AMAT) PT Lowered to $160 at Mizuho Securities
May 20, 2022 6:26 AM EDTMizuho Securities analyst Vijay Rakesh lowered the price target on Applied Materials (NASDAQ: AMAT) to $160.00 (from $180.00) while maintaining a Buy rating following earnings.
The analyst commented, "AMAT reported AprQ Rev/EPS of $6.2B/$1.85 (slightly below consensus $6.4B/$1.91) and guided JulQ softer to $6.25B/$1.77... More
