Applied Materials, Inc. (AMAT)

Applied Materials Stock Forecast

Stock Price Forecast

The 27 analysts that cover Applied Materials stock have a consensus rating of "Buy" and an average price target of $285.67, which forecasts a -10.76% decrease in the stock price over the next year. The lowest target is $170 and the highest is $425.

Price Target: $285.67 (-10.76%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$170	$285.67	$260	$425
Change	-46.89%	-10.76%	-18.78%	+32.77%

Analyst Ratings

The average analyst rating for Applied Materials stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26
Strong Buy	8	8	9	9	9	9
Buy	11	11	11	11	10	12
Hold	8	9	8	8	8	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	27	28	28	28	27	27

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Melissa Weathers Deutsche Bank	Deutsche Bank	Hold → Strong Buy Upgrades $275 → $390	Hold → Strong Buy	Upgrades	$275 → $390	+21.83%	Jan 23, 2026
Charles Shi Needham	Needham	Strong Buy Maintains $260 → $390	Strong Buy	Maintains	$260 → $390	+21.83%	Jan 20, 2026
Steve Barger Keybanc	Keybanc	Buy Maintains $285 → $380	Buy	Maintains	$285 → $380	+18.71%	Jan 16, 2026
Joe Quatrochi Wells Fargo	Wells Fargo	Buy Maintains $290 → $350	Buy	Maintains	$290 → $350	+9.34%	Jan 15, 2026
Tom O'Malley Barclays	Barclays	Hold → Buy Upgrades $250 → $360	Hold → Buy	Upgrades	$250 → $360	+12.46%	Jan 15, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

29.48B

Increased by 3.91%

from 28.37B

Revenue Next Year

33.60B

Increased by 13.99%

from 29.48B

EPS This Year

9.75

Increased by 12.59%

from 8.66

EPS Next Year

11.95

Increased by 22.54%

from 9.75

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	29.48B	33.60B
Revenue Growth	34.07%	11.80%	2.84%	2.49%	4.39%	3.91%	13.99%
EPS	6.40	7.44	8.11	8.61	8.66	9.75	11.95
EPS Growth	63.27%	16.25%	9.01%	6.17%	0.58%	12.59%	22.54%
Forward PE	-	-	-	-	-	32.83	26.79
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	32.0B	39.6B
Avg	29.5B	33.6B
Low	27.4B	29.9B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	12.8%	34.3%
Avg	3.9%	14.0%
Low	-3.3%	1.4%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	11.11	15.14
Avg	9.75	11.95
Low	8.80	9.82

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	28.3%	55.3%
Avg	12.6%	22.5%
Low	1.6%	0.8%

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.