Applied Materials (AMAT) Tops Q3 EPS by 9c, Offers Guidance
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August 19, 2024 7:04 AM EDT
William Blair analyst Jed Dorsheimer reiterated a Market Perform rating on Applied Materials (NASDAQ: AMAT).
The analyst comments "Applied Materials stock is trading down slightly following a strong five-day swing from recent lows. The AI capitulation debate is not over, and investors... More
August 16, 2024 6:13 AM EDT
Morgan Stanley analyst Joseph Moore raised the price target on Applied Materials (NASDAQ: AMAT) to $224.00 (from $223.00) while maintaining a Equalweight rating.
The analyst comments "Thoughts on the stock: the way that the quarter played out significantly reduces near term risks around export... More
August 16, 2024 6:07 AM EDT
Goldman Sachs analyst Toshiya Hari reiterated a Buy rating and $240.00 price target on Applied Materials (NASDAQ: AMAT).
The analyst comments "Applied Materials delivered a modest FY3Q (July) beat and guided to growth in FY4Q (October) supported by sequential strength in leading-edge... More
August 16, 2024 6:01 AM EDT
Bernstein SocGen Group analyst Stacy Rasgon raised the price target on Applied Materials (NASDAQ: AMAT) to $250.00 (from $240.00) while maintaining a Outperform rating.
The analyst comments "AMAT' s FQ3 results were solid ($6,778M/ $2.12 vs Street $6,677M/$2.03) with strength in leading-logic, ICAPS and HBM, with China revenues declining sequentially as expected following the fulfillment of the DRAM backlog in that region. Systems sales were above expectations with Services and Display revenues roughly in-line. FQ4 guidance was roughly in-line expectations ($6,930M /$2.18 vs... More
August 16, 2024 5:35 AM EDT
Deutsche Bank analyst Melissa Weathers lowered the price target on Applied Materials (NASDAQ: AMAT) to $230.00 (from $260.00) while maintaining a Hold rating.
The analyst comments "AMAT delivered what we view to be a fine report and guide, with little variance directionally vs. our expectations... More
August 16, 2024 5:18 AM EDT
Evercore ISI analyst Mark Lipacis reiterated an Outperform rating and $260.00 price target on Applied Materials (NASDAQ: AMAT)
The analyst comments "OctQ Beat. OctQ-24 Revs guidance of $6.93bn at midpoint is-inline with consensus and implies 2.2% QQ/3% YY. GM outlook of 47.4% is 40bps higher... More
August 16, 2024 5:13 AM EDT
Citi analyst Atif Malik reiterated a Buy rating and $240.00 price target on Applied Materials (NASDAQ: AMAT).
The analyst comments "AMAT stock was down 3% after reporting a July-Q beat and guiding Oct-Q EPS slightly above Street. AMAT continues to see strong AI-driven demand, and... More
