Applied Materials, Inc. (AMAT)

Applied Materials Stock Forecast

Stock Price Forecast

The 30 analysts that cover Applied Materials stock have a consensus rating of "Strong Buy" and an average price target of $365.4, which forecasts a -16.86% decrease in the stock price over the next year. The lowest target is $170 and the highest is $550.

Price Target: $365.4 (-16.86%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$170	$365.4	$410	$550
Change	-61.32%	-16.86%	-6.71%	+25.14%

Analyst Ratings

The average analyst rating for Applied Materials stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	9	9	10	10	10	12
Buy	10	13	13	13	13	13
Hold	8	5	5	5	5	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	27	27	28	28	28	30

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Atif Malik Citigroup	Citigroup	Strong Buy Maintains $420 → $520	Strong Buy	Maintains	$420 → $520	+18.31%	May 12, 2026
C.J. Muse Cantor Fitzgerald	Cantor Fitzgerald	Buy Maintains $500 → $550	Buy	Maintains	$500 → $550	+25.14%	May 11, 2026
Adithya Metuku HSBC	HSBC	Strong Buy Initiates $517	Strong Buy	Initiates	$517	+17.63%	May 8, 2026
Shane Brett Morgan Stanley	Morgan Stanley	Buy Maintains $432 → $454	Buy	Maintains	$432 → $454	+3.30%	May 5, 2026
Jay Goldberg Seaport Global	Seaport Global	Strong Buy Initiates $500	Strong Buy	Initiates	$500	+13.76%	May 5, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

32.00B

Increased by 12.81%

from 28.37B

Revenue Next Year

38.50B

Increased by 20.31%

from 32.00B

EPS This Year

11.23

Increased by 29.69%

from 8.66

EPS Next Year

14.35

Increased by 27.77%

from 11.23

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Oct 31, 2021	Oct 30, 2022	Oct 29, 2023	Oct 27, 2024	Oct 26, 2025	Oct 26, 2026	Oct 26, 2027
Revenue	23.06B	25.79B	26.52B	27.18B	28.37B	32.00B	38.50B
Revenue Growth	34.07%	11.80%	2.84%	2.49%	4.39%	12.81%	20.31%
EPS	6.40	7.44	8.11	8.61	8.66	11.23	14.35
EPS Growth	63.27%	16.25%	9.01%	6.17%	0.58%	29.69%	27.77%
Forward PE	-	-	-	-	-	39.13	30.63
No. Analysts	-	-	-	-	-	38	37

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	35.1B	43.8B
Avg	32.0B	38.5B
Low	27.9B	33.3B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	23.8%	36.7%
Avg	12.8%	20.3%
Low	-1.6%	4.1%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	12.09	17.62
Avg	11.23	14.35
Low	9.08	10.82

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	39.6%	56.9%
Avg	29.7%	27.8%
Low	4.9%	-3.7%

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 sources.