Deutsche Bank raised the firm’s price target on Applied Materials (AMAT) to $550 from $450 and keeps a Buy rating on the shares. The company reported “robust” results and outlook, with semi systems now expected to grow above over 30% year-over-year in 2026, well above expectations, the analyst tells investors in a research note. The firm believes Applied’s outlook “clears a very high investor bar,” with potential for momentum to continue through 2026.
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Read More on AMAT:
- Applied Materials price target raised to $575 from $550 at Cantor Fitzgerald
- Applied Materials price target raised to $525 from $450 at TD Cowen
- Applied Materials price target raised to $530 from $500 at Stifel
- Applied Materials price target raised to $515 from $480 at UBS
- Applied Materials price target raised to $520 from $500 at RBC Capital