Applied Materials positive on Q2 on resilient demand for automotive, AI chips

Go back to Applied Materials positive on Q2 on resilient demand for automotive, AI chips

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