Applied Materials, Inc. (AMAT)
NASDAQ: AMAT · Real-Time Price · USD
201.97
+2.38 (1.19%)
At close: Oct 4, 2024, 4:00 PM
201.55
-0.42 (-0.21%)
After-hours: Oct 4, 2024, 7:38 PM EDT
Applied Materials Stock Forecast
Stock Price Forecast
The 23 analysts with 12-month price forecasts for Applied Materials stock have an average target of 225.3, with a low estimate of 140 and a high estimate of 280. The average target predicts an increase of 11.55% from the current stock price of 201.97.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for AMAT stock from 23 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 12 | 12 | 12 | 12 | 9 | 9 |
| Buy | 7 | 7 | 7 | 7 | 7 | 7 |
| Hold | 5 | 5 | 5 | 6 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 25 | 25 | 25 | 26 | 23 | 23 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy Maintains $260 → $235 | Buy | Maintains | $260 → $235 | +16.35% | Oct 3, 2024 |
| Mizuho | Mizuho | Buy Maintains $245 → $225 | Buy | Maintains | $245 → $225 | +11.40% | Sep 20, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $224 → $185 | Hold | Maintains | $224 → $185 | -8.40% | Sep 17, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $240 → $217 | Strong Buy | Maintains | $240 → $217 | +7.44% | Sep 16, 2024 |
| UBS | UBS | Hold Maintains $220 → $210 | Hold | Maintains | $220 → $210 | +3.98% | Sep 12, 2024 |
Financial Forecast
Revenue This Year
27.66B
from 26.52B
Increased by 4.31%
Revenue Next Year
30.94B
from 27.66B
Increased by 11.85%
EPS This Year
8.70
from 8.11
Increased by 7.27%
EPS Next Year
9.98
from 8.70
Increased by 14.66%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 29.2B | 34.4B | 39.6B | ||
| Avg | 27.7B | 30.9B | 33.7B | ||
| Low | 26.5B | 28.2B | 29.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.0% | 24.3% | 28.1% | ||
| Avg | 4.3% | 11.9% | 8.9% | ||
| Low | -0.0% | 2.1% | -3.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.09 | 11.46 | 14.15 | ||
| Avg | 8.70 | 9.98 | 11.20 | ||
| Low | 8.29 | 8.81 | 9.55 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.1% | 31.7% | 41.9% | ||
| Avg | 7.3% | 14.7% | 12.2% | ||
| Low | 2.2% | 1.3% | -4.3% |
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.