Cantor Fitzgerald analyst C.J. Muse raised the firm’s price target on Applied Materials (AMAT) to $220 from $200 and keeps an Overweight rating on the shares. Cantor’s most recent industry checks point to modestly better Wafer Fab Equipment in calendar 2025, led by domestic China coupled with improving visibility to CY26 being another growth year, the analyst tells investors in a research note. The firm sees consensus estimates generally moving higher for the group, immune from tariff-related pull-in concerns, and China regulatory fears overblown.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMAT:
- Cautious Hold Recommendation for Applied Materials Amid Mixed Market Signals and Valuation Concerns
- Applied Materials, CEA-Leti expand joint lab to drive innovation
- CrowdStrike and McDonald’s downgraded: Wall Street’s top analyst calls
- Morgan Stanley upgrades Applied Materials to Equal Weight on valuation
- Applied Materials upgraded to Equal Weight from Underweight at Morgan Stanley