Applied Materials, Inc. (AMAT)

Applied Materials Stock Forecast

Stock Price Forecast

The 21 analysts with 12-month price forecasts for Applied Materials stock have an average target of 218.14, with a low estimate of 140 and a high estimate of 280. The average target predicts an increase of 33.35% from the current stock price of 163.59.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$140	$218.14	$220	$280
Change	-14.42%	+33.35%	+34.48%	+71.16%

Analyst Ratings

The average analyst rating for AMAT stock from 21 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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	12	12	9	9	7	7
Buy	7	7	7	7	7	7
Hold	5	6	6	6	6	5
Sell	1	1	1	1	1	2
Strong Sell	0	0	0	0	0	0
Total	25	26	23	23	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Joseph Quatrochi Wells Fargo	Wells Fargo	Buy Maintains $220 → $210	Buy	Maintains	$220 → $210	+28.37%	Dec 6, 2024
Joseph Moore Morgan Stanley	Morgan Stanley	Hold → Sell Downgrades $179 → $164	Hold → Sell	Downgrades	$179 → $164	+0.25%	Dec 5, 2024
Stacy Rasgon Bernstein	Bernstein	Buy Maintains $220 → $210	Buy	Maintains	$220 → $210	+28.37%	Nov 29, 2024
Krish Sankar TD Cowen	TD Cowen	Strong Buy Maintains $250 → $230	Strong Buy	Maintains	$250 → $230	+40.60%	Nov 15, 2024
C J Muse Cantor Fitzgerald	Cantor Fitzgerald	Buy Reiterates $250	Buy	Reiterates	$250	+52.82%	Nov 15, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

30.05B

Increased by 10.57%

from 27.18B

Revenue Next Year

32.61B

Increased by 8.52%

from 30.05B

EPS This Year

9.67

Increased by 12.32%

from 8.61

EPS Next Year

10.86

Increased by 12.33%

from 9.67

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Oct 25, 2020	Oct 31, 2021	Oct 30, 2022	Oct 29, 2023	Oct 27, 2024	Oct 27, 2025	Oct 27, 2026	Oct 27, 2027
Revenue	17.20B	23.06B	25.79B	26.52B	27.18B	30.05B	32.61B	34.57B
Revenue Growth	17.76%	34.07%	11.80%	2.84%	2.49%	10.57%	8.52%	6.02%
EPS	3.92	6.40	7.44	8.11	8.61	9.67	10.86	11.39
EPS Growth	37.06%	63.27%	16.25%	9.01%	6.17%	12.32%	12.33%	4.86%
Forward PE	-	-	-	-	-	16.92	15.06	14.36
No. Analysts	-	-	-	-	-	36	29	14

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	32.4B	37.6B	38.3B
Avg	30.0B	32.6B	34.6B
Low	27.6B	29.6B	31.4B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	19.1%	25.2%	17.4%
Avg	10.6%	8.5%	6.0%
Low	1.7%	-1.6%	-3.6%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	10.83	13.77	14.46
Avg	9.67	10.86	11.39
Low	8.06	8.65	7.06

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	25.7%	42.3%	33.1%
Avg	12.3%	12.3%	4.9%
Low	-6.4%	-10.5%	-35.0%

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.