Applied Materials' revenue forecast signals weak spending outside AI chips

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Applied Materials (AMAT) PT Lowered to $230 at Wolfe Research

November 15, 2024 8:03 AM EST

Wolfe Research analyst Chris Caso lowered the price target on Applied Materials (NASDAQ: AMAT) to $230.00 (from $260.00) while maintaining a Outperform rating.

The analyst comments "Maintain Outperform rating; trimming PT to $230. We have trimmed our price target to $230, catching up with the three... More

Applied Materials (AMAT) PT Raised to $230 at Goldman Sachs

November 15, 2024 5:06 AM EST

Goldman Sachs analyst Toshiya Hari raised the price target on Applied Materials (NASDAQ: AMAT) to $230.00 (from $228.00) while maintaining a Buy rating.

The analyst comments "Although AMAT is down ~6% in after-hour trading (likely due to concerns associated with Applieds exposure to specialty and... More

Applied Materials (AMAT) PT Lowered to $250 at Evercore ISI

November 15, 2024 5:00 AM EST

Evercore ISI analyst Mark Lipacis lowered the price target on Applied Materials (NASDAQ: AMAT) to $250.00 (from $260.00) while maintaining a Outperform rating.

The analyst comments "Valuation. AMAT trades at a NTM P/E of 19x, at a 6% discount relative to SPX which... More

Applied Materials (AMAT) PT Lowered to $200 at Deutsche Bank

November 15, 2024 4:56 AM EST

Deutsche Bank analyst Melissa Weathers lowered the price target on Applied Materials (NASDAQ: AMAT) to $200.00 (from $220.00) while maintaining a Hold rating.

The analyst comments "AMAT delivered what we view to be a solid report/guide, yet failed to meet a more... More