Applied Materials Announces Second Quarter 2024 Results
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May 20, 2024 6:37 AM EDT
Citi analyst Atif Malik raised the price target on Applied Materials (NASDAQ: AMAT) to $250.00 (from $211.00) while maintaining a Buy rating.
The analyst comments "AMAT reported 9% Apr-Q EPS beat and guided Jul-Q EPS 6% above Street. Overall end market commentary was similar to peers;... More
May 17, 2024 6:33 AM EDT
Citi analyst Atif Malik raised the price target on Applied Materials (NASDAQ: AMAT) to $250.00 (from $170.00) while maintaining a Buy rating.
The analyst comments "AMAT reported 9% Apr-Q EPS beat and guided Jul-Q EPS 6% above Street. Overall end market commentary was similar to peers;... More
May 17, 2024 5:15 AM EDT
Berenberg analyst Tammy Qiu raised the price target on Applied Materials (NASDAQ: AMAT) to $250.00 (from $215.00) while maintaining a Buy rating.
The analyst comments "In our view, with HBM (high bandwidth memory) spending momentum staying strong, the next catalyst/growth driver for the semiconductor... More
May 17, 2024 5:01 AM EDT
UBS analyst Timothy Arcuri reiterated a Neutral rating and $235.00 price target on Applied Materials (NASDAQ: AMAT).
The analyst comments "AMAT posted solid results w/guidance largely as expected. The company is signaling a shifting mix as we go into C2H in which leading edge foundry (e.g.... More
May 17, 2024 4:57 AM EDT
Wells Fargo analyst Joe Quatrochi raised the price target on Applied Materials (NASDAQ: AMAT) to $255.00 (from $250.00) while maintaining a Overweight rating.
The analyst comments "As expected China demand remained relatively strong in the qtr w/ reported revenue at $2.8B (43% of total... More
May 17, 2024 4:50 AM EDT
BofA Securities analyst Vivek Arya raised the price target on Applied Materials (NASDAQ: AMAT) to $250.00 (from $222.00) while maintaining a Buy rating.
The analyst comments "Reiterate Buy on FQ1/FQ2 beat and raise, as well as increased visibility into emerging growth drivers in AI.... More
May 17, 2024 4:36 AM EDT
Evercore ISI analyst Mark Lipacis reiterated an Outperform rating and $260.00 price target on Applied Materials (NASDAQ: AMAT)
The analyst comments "We continue to recommend AMAT as a top SCE large cap pick post an Apr-24Q beat & raise. AMAT posted higher revs and... More
