Goldman Sachs expects Applied Materials (AMAT) stock to be range bound following a stronger quarter with guidance that was in line with the Street, the analyst tells investors in a research note. The firm believes management’s qualitative commentary regarding stronger demand in the second half of 2026, though in line with peers, should be viewed constructively.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMAT:
- Applied Materials price target lowered to $205 from $215 at Mizuho
- Craig-Hallum downgrades Applied Materials to Hold, looks for better entry point
- Applied Materials downgraded to Hold from Buy at Craig-Hallum
- Applied Materials price target raised to $250 from $195 at Bernstein
- Applied Materials price target raised to $260 from $220 at JPMorgan