Applied Materials (AMAT) Tops Q4 EPS by 28c, Guidance Beats

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Go back to Applied Materials (AMAT) Tops Q4 EPS by 28c, Guidance Beats

Applied Materials (AMAT) PT Raised to $120 at Needham & Company on Stronger Earnings

November 18, 2022 6:53 AM EST

Needham & Company analyst N. Quinn Bolton raised the price target on Applied Materials (NASDAQ: AMAT) to $120.00 (from $90.00) while maintaining a Buy rating following earnings.

The analyst commented, "Continued supply chain improvements led to a F4Q22 beat. Key points: 1) AMAT didn't quantify... More