Applied Materials (AMAT) PT Lowered to $132 at Piper Sandler

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Go back to Applied Materials (AMAT) PT Lowered to $132 at Piper Sandler

Applied Materials (AMAT): Results Miss Expectations but Demand Visibility Improves

May 20, 2022 8:00 AM EDT

Shares of Applied Materials (NASDAQ: AMAT) are down over 1% in pre-open Friday after the company delivered results that trailed analyst expectations.

AMAT delivered EPS of $1.85 to miss on the consensus of $1.91. Revenue came in at $6.25 billion, again lower than the $6.36 billion expected.... More

Applied Materials (AMAT) PT Lowered to $130 at Needham & Company

May 20, 2022 6:52 AM EDT

Needham & 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