Applied Materials, Inc. (AMAT)
NASDAQ: AMAT · Real-Time Price · USD
537.73
+10.25 (1.94%)
Aug 7, 2026, 1:52 PM EDT - Market open

Applied Materials Stock Forecast

Stock Price Forecast

According to 39 analysts polled by S&P Global, Applied Materials stock has a consensus rating of "Strong Buy" and an average price target of $629.06. The average 1-year stock price forecast is 16.98% higher than the current stock price, while the lowest is $358 (-33.42%) and the highest is $900 (+67.37%).

Price Target: $629.06 (+16.98%)
Analyst Consensus: Strong Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$358$629.06$650$900
Change-33.42%+16.98%+20.88%+67.37%

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

Chart
RatingMar '26Apr '26May '26Jun '26Jul '26Aug '26
Strong Buy232428282828
Buy554444
Hold978677
Sell000100
Strong Sell000000
Total373640393939

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Wells Fargo
Wells Fargo
Buy
Maintains
$740
BuyMaintains$740+37.62%Aug 6, 2026
Erste Group
Erste Group
Hold
Downgrades
n/a
HoldDowngradesn/an/aAug 5, 2026
Morgan Stanley
Morgan Stanley
Hold
Reiterates
$647$646
HoldReiterates$647$646+20.13%Aug 5, 2026
Stifel Nicolaus
Stifel Nicolaus
Buy
Maintains
$650
BuyMaintains$650+20.88%Aug 5, 2026
Citi
Citi
Buy
Maintains
$710
BuyMaintains$710+32.04%Aug 3, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
33.49B
from 28.37B
Increased by 18.06%
Revenue Next Year
43.26B
from 33.49B
Increased by 29.18%
EPS This Year
12.29
from 9.42
Increased by 30.52%
EPS Next Year
17.05
from 12.29
Increased by 38.68%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingOct 31, 2021Oct 30, 2022Oct 29, 2023Oct 27, 2024Oct 26, 2025Oct 31, 2026
Revenue
23.06B25.79B26.52B27.18B28.37B33.49B
Revenue Growth
34.07%11.80%2.84%2.49%4.39%18.06%
Gross Profit
10.91B11.99B12.38B12.90B13.81B16.69B
Gross Margin
47.32%46.51%46.70%47.46%48.67%49.83%
Operating Income
7.20B7.78B7.65B7.87B8.51B10.87B
Net Income
5.89B6.53B6.86B7.18B7.00B10.41B
EPS
----9.4212.29
EPS Growth
----8.90%30.52%
Forward PE
17.0713.1917.3420.0725.4643.74
Dividend / Share
0.941.021.221.521.781.96
Dividend Growth
-8.51%19.61%24.59%17.11%9.92%
Free Cash Flow
3.28B3.12B5.39B5.57B3.65B5.80B
No. Analysts
-----34
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High34.4B
Avg33.5B
Low32.7B

Revenue Growth

Revenue Growth202620272028
High
21.3%
Avg
18.1%
Low
15.2%

EPS Forecast

EPS202620272028
High12.95
Avg12.29
Low11.51

EPS Growth

EPS Growth202620272028
High
37.5%
Avg
30.5%
Low
22.2%