Applied Materials (AMAT) Stock Forecast & Price Target

$183.00

-1.46 (-0.79%)

(As of 10/22/2024 ET)

Applied Materials - Analysts' Recommendations and Stock Price Forecast (2024)

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
0

Hold
7

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, 7 have given a hold rating, and 15 have given a buy rating for AMAT.

Consensus Price Target

$229.14
25.21% Upside

According to the 22 analysts' twelve-month price targets for Applied Materials, the average price target is $229.14. The highest price target for AMAT is $280.00, while the lowest price target for AMAT is $175.00. The average price target represents a forecasted upside of 25.21% from the current price of $183.00.

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AMAT Analyst Ratings Over Time

Type	Current Forecast 10/24/23 to 10/23/24	1 Month Ago 9/24/23 to 9/23/24	3 Months Ago 7/26/23 to 7/25/24	1 Year Ago 10/24/22 to 10/24/23
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)	19 Buy rating(s)	23 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$229.14	$231.05	$224.84	$155.59
Forecasted Upside	25.21% Upside	19.07% Upside	11.13% Upside	15.34% 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	2.68	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	25.21% Upside	1,036.02% Upside	7.98% Upside
News Sentiment Rating	Positive News See Recent AMAT News	Neutral 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
10/11/2024	Susquehanna 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$215.00 ➝ $190.00	-6.35%
10/8/2024	Cantor Fitzgerald 3 of 5 stars	C. Muse Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$250.00 ➝ $250.00	+24.42%
10/3/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$260.00 ➝ $235.00	+17.67%
9/20/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$245.00 ➝ $225.00	+17.54%
9/17/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$224.00 ➝ $185.00	-1.38%
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
Get the Latest News and Ratings for AMAT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Applied Materials and its competitors with MarketBeat's FREE daily newsletter.
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	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$260.00 ➝ $230.00	+10.31%
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	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$275.00 ➝ $270.00	+27.46%
8/16/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$260.00 ➝ $260.00	+22.74%
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%
5/17/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$245.00 ➝ $250.00	+16.81%
5/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$222.00 ➝ $250.00	+16.81%
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%
4/16/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$260.00	+26.41%
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	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$150.00 ➝ $175.00	+27.19%
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
12/6/2022	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$125.00	+19.38%
11/18/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$80.00 ➝ $92.00	-11.92%
11/18/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$100.00 ➝ $135.00	+29.25%
11/18/2022	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:26 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 Saturday, October 19, 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. has a strong track record of consistent revenue growth, indicating stability and potential for future earnings.
The company's diverse product portfolio in manufacturing equipment, services, and software for the semiconductor and related industries positions it well in a growing market.
With a current stock price of $204.92, which is lower than the average price target of $231.05, there may be an opportunity for capital appreciation.
Applied Materials, Inc. reported solid earnings results in the latest quarter, surpassing analyst estimates and demonstrating strong financial performance.
The company's dividend yield of 0.78% and a payout ratio of 18.39% provide investors with a steady income stream and potential for dividend growth.

Applied Materials
Bear Case

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

The stock price of Applied Materials, Inc. has been fluctuating, indicating potential volatility in the market and uncertainty for investors.
Competition in the semiconductor and related industries is intense, which could impact Applied Materials, Inc.'s market share and profitability.
Market conditions and economic factors can influence the demand for semiconductor equipment, affecting Applied Materials, Inc.'s revenue and growth prospects.
The company's debt-to-equity ratio of 0.33 may raise concerns about its financial leverage and ability to manage debt obligations.
Applied Materials, Inc.'s stock performance may be sensitive to changes in interest rates, macroeconomic conditions, and geopolitical events, posing risks to investors.

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 $229.14, with a high forecast of $280.00 and a low forecast of $175.00.
: 22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Applied Materials in the last year. There are currently 7 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AMAT shares.
: According to analysts, Applied Materials's stock has a predicted upside of 25.21% based on their 12-month stock forecasts.
: Over the previous 90 days, Applied Materials's stock had 1 downgrade by analysts.
: Applied Materials has been rated by research analysts at B. Riley, Cantor Fitzgerald, Citigroup, Dbs Bank, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Needham & Company LLC, Stifel Nicolaus, Susquehanna, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Applied Materials more than other "computer and technology" companies. The consensus rating score for Applied Materials is 2.68 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how AMAT compares to other companies.