Citi raised the firm’s price target on Applied Materials (AMAT) to $420 from $400 and keeps a Buy rating on the shares. The firm says the company reported a strong “beat and raise” quarter. It upped 2026 and 2027 earnings estimates post the print.
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Read More on AMAT:
- Applied Materials price target raised to $450 from $360 at Barclays
- Applied Materials price target raised to $450 from $380 at KeyBanc
- Applied Materials upgraded to Buy from Hold at Summit Insights
- Applied Materials upgraded to Outperform from Neutral at KGI Securities
- Applied Materials: Positioned to Outgrow Semi Capex on Advanced Node Exposure and Earnings Acceleration Through 2027
