Applied Materials Shares Up 3% Following Q3 Beat, Provides Outlook

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Applied Materials (AMAT) PT Lowered to $140 at Cowen

August 19, 2022 9:36 AM EDT

Cowen analyst Krish Sankar lowered the price target on Applied Materials (NASDAQ: AMAT) to $140.00 (from $160.00) while maintaining an Outperform rating following earnings.

The analyst commented, "AMAT reported a strong July 22 Q and Sept 22 guide despite the challenging macro/supply chain environment. Following... More