Applied Materials price target raised to $310 from $250 at Goldman Sachs

Goldman Sachs analyst James Schneider raised the firm’s price target on Applied Materials (AMAT) to $310 from $250 and keeps a Buy rating on the shares. Applied Materials remains well positioned as etch and deposition demand intensifies, with tight DRAM and NAND markets expected to drive strong equipment orders in 2026-2027, the analyst tells investors in a research note. The company’s China exposure is now largely normalized, reducing risk relative to peers, the firm says.