Stacy Rasgon’s Buy Rating Highlights Growth Potential and Stability of Applied Materials

Analyst Stacy Rasgon of Bernstein maintained a Buy rating on Applied Materials (AMAT – Research Report), retaining the price target of $210.00.

Stacy Rasgon has given his Buy rating due to a combination of factors that highlight the potential growth and stability of Applied Materials. The company’s recent financial results showed solid performance, with revenues and earnings per share slightly exceeding market expectations. Despite some fluctuations in specific segments like DRAM and NAND, the overall equipment outlook remains robust, supported by strong demand in leading-edge Foundry/Logic.
Furthermore, the company’s strategic positioning around key technological advancements and collaborations, along with an attractive valuation compared to its peers, reinforces the positive outlook. The management’s guidance for future quarters indicates continued growth, particularly in areas like Foundry/Logic and NAND, despite external challenges such as tariffs and export controls. These elements collectively contribute to a favorable long-term view, making the stock an appealing investment opportunity.

In another report released today, Raymond James also maintained a Buy rating on the stock with a $200.00 price target.