Applied Materials (AMAT) Tops Q1 EPS by 10c, Offers Guidance

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Go back to Applied Materials (AMAT) Tops Q1 EPS by 10c, Offers Guidance

Applied Materials (AMAT) PT Raised to $135 at Needham & Company as ICAPS 'stole the show'

February 17, 2023 6:48 AM EST

Needham & Company analyst N. Quinn Bolton raised the price target on Applied Materials (NASDAQ: AMAT) to $135.00 (from $120.00) while maintaining a Buy rating following the results.

The analyst commented, "AMAT's F1Q23 report was in-line, but ICAPS stole the show. Key points: 1)... More