BofA raised the firm’s price target on Applied Materials (AMAT) to $540 from $465 and keeps a Buy rating on the shares after the company delivered “record” April quarter revenue and EPS and guided July quarter revenue and EPS “a solid” 10% and 17% ahead of consensus, respectively. Following the report, the firm is taking up its calendar year 2026 and 2027 EPS estimates by 14% and 18%, respectively.
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Read More on AMAT:
- Applied Materials price target raised to $502 from $454 at Morgan Stanley
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