Applied Materials (AMAT) Stock Forecast & Price Target

$163.59 +2.15 (+1.33%)

(As of 12/20/2024 05:45 PM ET)

Applied Materials - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 22 Analyst Ratings

Sell
1

Hold
6

Buy
15

Based on 22 Wall Street analysts who have issued ratings for Applied Materials in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 22 analysts, 1 has given a sell rating, 6 have given a hold rating, and 15 have given a buy rating for AMAT.

Consensus Price Target

$220.29
34.66% Upside

According to the 22 analysts' twelve-month price targets for Applied Materials, the average price target is $220.29. The highest price target for AMAT is $280.00, while the lowest price target for AMAT is $164.00. The average price target represents a forecasted upside of 34.66% from the current price of $163.59.

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AMAT Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	15 Buy rating(s)	15 Buy rating(s)	15 Buy rating(s)	19 Buy rating(s)
Hold	6 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$220.29	$219.81	$231.05	$164.21
Forecasted Upside	34.66% Upside	25.69% Upside	19.07% Upside	1.33% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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AMAT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AMAT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Applied Materials Stock vs. The Competition

Type	Applied Materials	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.64	2.69	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	34.66% Upside	265.04% Upside	14.53% Upside
News Sentiment Rating	Positive News See Recent AMAT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/6/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$220.00 ➝ $210.00	+21.95%
12/5/2024	Morgan Stanley 3 of 5 stars		Reiterated Rating	Equal Weight ➝ Underweight	$179.00 ➝ $164.00	-9.47%
11/29/2024	Sanford C. Bernstein 3 of 5 stars		Lower Target	Outperform ➝ Outperform	$220.00 ➝ $210.00	+22.58%
11/15/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$250.00 ➝ $250.00	+44.53%
11/15/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$220.00 ➝ $210.00	+12.90%
11/15/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$260.00 ➝ $250.00	+34.41%
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11/15/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$250.00 ➝ $230.00	+23.66%
11/15/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$240.00 ➝ $225.00	+20.97%
11/15/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$220.00 ➝ $200.00	+7.53%
11/12/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$270.00 ➝ $250.00	+34.63%
11/11/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$190.00 ➝ $170.00	-10.26%
9/20/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$245.00 ➝ $225.00	+17.54%
9/16/2024	Dbs Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Au Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
9/16/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$240.00 ➝ $217.00	+16.37%
9/12/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$220.00 ➝ $210.00	+15.61%
8/16/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$300.00 ➝ $280.00	+32.18%
8/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$240.00 ➝ $250.00	+18.02%
6/5/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Equal Weight	$165.00 ➝ $225.00	+6.02%
5/17/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$225.00 ➝ $235.00	+10.36%
5/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$215.00 ➝ $210.00	+0.13%
2/16/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$156.00 ➝ $220.00	+8.80%
1/18/2024	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$170.00 ➝ $185.00	+15.39%
11/22/2023	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$175.00	+17.25%
9/14/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$185.00	+27.97%
8/18/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$139.00 ➝ $160.00	+16.29%
8/18/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$150.00 ➝ $175.00	+27.19%
6/16/2023	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
6/13/2023	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
4/6/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$133.00	+13.37%
3/1/2023	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
2/24/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$279.00 ➝ $271.00	+140.01%
1/3/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	H. Chung Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 09:50 AM ET.

Should I Buy Applied Materials Stock? AMAT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, December 12, 2024. Please send any questions or comments about these Applied Materials pros and cons to contact@marketbeat.com.

Applied Materials
Bull Case

Here are some ways that investors could benefit from investing in Applied Materials, Inc.:

Applied Materials, Inc. recently reported a quarterly earnings per share (EPS) of $2.32, exceeding analysts' expectations of $2.19, indicating strong financial performance and effective management.
The company has a solid market capitalization of approximately $141.68 billion, reflecting its significant presence and stability in the manufacturing equipment sector.
With a current stock price around $220.29, which is close to the average price target set by analysts, there is potential for price appreciation as the market recognizes its value.
Applied Materials, Inc. has a robust return on equity of 39.26%, showcasing its ability to generate profits from shareholders' investments effectively.
The company declared a quarterly dividend of $0.40 per share, translating to an annualized dividend yield of 0.93%, providing a steady income stream for investors.

Applied Materials
Bear Case

Investors should be bearish about investing in Applied Materials, Inc. for these reasons:

Despite recent earnings growth, the stock has experienced price target reductions from several analysts, indicating potential concerns about future performance.
The company has a relatively high beta of 1.52, suggesting that its stock price is more volatile than the market, which could lead to greater risk for investors.
Applied Materials, Inc. has a debt-to-equity ratio of 0.29, which, while manageable, indicates that the company does utilize some leverage, potentially increasing financial risk in adverse conditions.
Analysts have mixed ratings on the stock, with one sell rating and a consensus rating of "Moderate Buy," which may signal uncertainty among investors regarding its future trajectory.
The current economic environment may pose challenges for the semiconductor industry, which could impact Applied Materials, Inc.'s growth prospects and profitability.

AMAT Forecast - Frequently Asked Questions

: According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Applied Materials is $220.29, with a high forecast of $280.00 and a low forecast of $164.00.
: 22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Applied Materials in the last twelve months. There is currently 1 sell rating, 6 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AMAT shares.
: According to analysts, Applied Materials's stock has a predicted upside of 34.66% based on their 12-month stock forecasts.
: Applied Materials has been rated by research analysts at Bank of America, Cantor Fitzgerald, Deutsche Bank Aktiengesellschaft, Evercore ISI, Morgan Stanley, Needham & Company LLC, Sanford C. Bernstein, Stifel Nicolaus, Susquehanna, TD Cowen, and Wells Fargo & Company in the past 90 days.
: Analysts like Applied Materials less than other "computer and technology" companies. The consensus rating score for Applied Materials is 2.64 while the average consensus rating score for "computer and technology" companies is 2.69. Learn more on how AMAT compares to other companies.

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My research indicates there is only one investment that can meet AI's unprecedented demand for energy.

Click to get the name and ticker symbol

This page (NASDAQ:AMAT) was last updated on 12/22/2024 by MarketBeat.com Staff

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Applied Materials (AMAT) Stock Forecast & Price Target