Applied Materials, Inc. (AMAT)
NASDAQ: AMAT · Real-Time Price · USD
175.75
+5.66 (3.33%)
At close: Nov 21, 2024, 4:00 PM
174.40
-1.35 (-0.77%)
Pre-market: Nov 22, 2024, 5:26 AM EST
Applied Materials Stock Forecast
Stock Price Forecast
The 22 analysts with 12-month price forecasts for Applied Materials stock have an average target of 218.68, with a low estimate of 140 and a high estimate of 280. The average target predicts an increase of 24.43% from the current stock price of 175.75.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for AMAT stock from 22 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 12 | 12 | 12 | 9 | 9 | 8 |
| Buy | 7 | 7 | 7 | 7 | 7 | 7 |
| Hold | 5 | 5 | 6 | 6 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 25 | 25 | 26 | 23 | 23 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Strong Buy Maintains $250 → $230 | Strong Buy | Maintains | $250 → $230 | +30.87% | Nov 15, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $250 | Buy | Reiterates | $250 | +42.25% | Nov 15, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $260 → $250 | Buy | Maintains | $260 → $250 | +42.25% | Nov 15, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $235 → $220 | Buy | Maintains | $235 → $220 | +25.18% | Nov 15, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $220 → $210 | Strong Buy | Maintains | $220 → $210 | +19.49% | Nov 15, 2024 |
Financial Forecast
Revenue This Year
30.76B
from 27.18B
Increased by 13.17%
Revenue Next Year
33.41B
from 30.76B
Increased by 8.61%
EPS This Year
9.89
from 8.61
Increased by 14.81%
EPS Next Year
11.05
from 9.89
Increased by 11.74%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 34.4B | 37.8B | 36.6B | |
| Avg | 30.8B | 33.4B | 34.6B | |
| Low | 28.2B | 29.8B | 32.3B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 26.5% | 23.0% | 9.6% | |
| Avg | 13.2% | 8.6% | 3.5% | |
| Low | 3.9% | -3.1% | -3.4% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 11.46 | 13.26 | 13.26 | |
| Avg | 9.89 | 11.05 | 11.94 | |
| Low | 8.81 | 9.55 | 10.56 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 33.0% | 34.2% | 20.1% | |
| Avg | 14.8% | 11.7% | 8.1% | |
| Low | 2.3% | -3.4% | -4.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.