Mizuho analyst Vijay Rakesh raised the firm’s price target on Applied Materials (AMAT) to $220 from $195 and keeps an Outperform rating on the shares. The firm increased 2025 and 2026 wafer fab equipment spending estimates, driven driven by DRAM high bandwidth memory. It increased estimates in the semiconductor space as a result.
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Read More on AMAT:
- Applied Materials initiated with a Buy at Goldman Sachs
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- Applied Materials price target raised to $220 from $190 at Citi
- Applied Materials added to US Focus List at Citi
- Applied Materials downgraded to Neutral from Buy at Rothschild & Co Redburn