Applied Materials delivers upbeat earnings guidance as Q3 results beat estimates
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William Blair Reiterates Market Perform Rating on Applied Materials (AMAT)
August 19, 2024 7:04 AM EDTWilliam 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
Applied Materials (AMAT) PT Raised to $224 at Morgan Stanley
August 16, 2024 6:13 AM EDTMorgan 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
Goldman Sachs Reiterates Buy Rating on Applied Materials (AMAT)
August 16, 2024 6:07 AM EDTGoldman 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
Applied Materials (AMAT) PT Raised to $250 at Bernstein SocGen Group
August 16, 2024 6:01 AM EDTBernstein 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
Applied Materials (AMAT) PT Lowered to $230 at Deutsche Bank
August 16, 2024 5:35 AM EDTDeutsche 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
Evercore ISI Reiterates Outperform Rating on Applied Materials (AMAT)
August 16, 2024 5:18 AM EDTEvercore 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
Citi Reiterates Buy Rating on Applied Materials (AMAT)
August 16, 2024 5:13 AM EDTCiti 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
