Applied Materials price target raised to $250 from $215 at Stifel

Stifel raised the firm’s price target on Applied Materials (AMAT) to $250 from $215 and keeps a Buy rating on the shares. Ahead of Applied Materials’ fiscal Q4 report due on Thursday post-close, the firm notes that its estimates are modestly reduced to reflect recent U.S. export restrictions to China, which Applied previously disclosed would impact Q4 and FY26 sales. While the firm believes the impact can be partially mitigated, it expects a “fairly muted” fiscal Q1 outlook, the analyst tells investors in a preview. However, it also believes confidence in the DRAM spending outlook is improving and expects DRAM spending will strengthen further in FY26, the analyst added.