Applied Materials price target raised to $340 from $250 at Stifel

Stifel analyst Brian Chin raised the firm’s price target on Applied Materials (AMAT) to $340 from $250 and keeps a Buy rating on the shares as part of the firm’s semi equipment 2026 outlook. Field checks over the past few weeks have been bullish, says the analyst, who now expects growth in industry WFE spending of 10%-15% in calendar 2026, exceeding its prior 7%-8% year-over-year forecast.