Applied Materials price target raised to $290 from $255 at Wells Fargo

Wells Fargo raised the firm’s price target on Applied Materials (AMAT) to $290 from $255 and keeps an Overweight rating on the shares. The firm notes post close on December 12, Applied Materials published its 2025 10-K. Continuing to trade at a discount to peers, Wells remains positive on Applied Materials’ position for 2026 WFE outperformance.