William Blair analyst Jed Dorsheimer has maintained their neutral stance on AMAT stock, giving a Hold rating today.
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Jed Dorsheimer’s rating is based on several factors, including the current challenges Applied Materials faces in the Chinese market and the company’s strategic positioning for future growth. Despite posting a solid quarter, the company’s growth projections for 2026 are not as robust as industry estimates, primarily due to weaker demand from China, which is dealing with excess capacity and trade restrictions.
However, Applied Materials is optimistic about future opportunities, particularly in AI-related equipment orders, which could offset the current softness in the Chinese market. The company is focusing on expanding its AI-focused equipment portfolio and investing in R&D to support next-generation technologies. While there is confidence in the semiconductor market’s potential growth, the uncertainties in the macroeconomic environment and China-related issues justify a Hold rating, as investors are advised to remain patient until clearer growth trends emerge.
According to TipRanks, Dorsheimer is a 5-star analyst with an average return of 31.6% and a 53.21% success rate. Dorsheimer covers the Technology sector, focusing on stocks such as Applied Materials, Axcelis Technologies, and STMicroelectronics.
In another report released today, Barclays also maintained a Hold rating on the stock with a $250.00 price target.