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 215.38, with a low estimate of 164 and a high estimate of 280. The average target predicts an increase of 25.24% from the current stock price of 171.98.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$164	$215.38	$210	$280
Change	-4.64%	+25.24%	+22.11%	+62.81%

Analyst Ratings

The average analyst rating for Applied Materials 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	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25
Strong Buy	9	9	7	7	7	7
Buy	7	7	7	7	8	8
Hold	6	6	6	5	5	5
Sell	1	1	1	2	1	1
Strong Sell	0	0	0	0	0	0
Total	23	23	21	21	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Atif Malik Citigroup	Citigroup	Strong Buy Maintains $194 → $202	Strong Buy	Maintains	$194 → $202	+17.46%	Feb 18, 2025
Charles Shi Needham	Needham	Strong Buy Maintains $200 → $195	Strong Buy	Maintains	$200 → $195	+13.39%	Feb 14, 2025
Tom O'Malley Barclays	Barclays	Hold Maintains $200 → $190	Hold	Maintains	$200 → $190	+10.48%	Feb 14, 2025
Brian Chin Stifel	Stifel	Strong Buy Maintains $250 → $235	Strong Buy	Maintains	$250 → $235	+36.64%	Feb 11, 2025
Mehdi Hosseini Susquehanna	Susquehanna	Hold Maintains $155 → $165	Hold	Maintains	$155 → $165	-4.06%	Jan 22, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

29.78B

Increased by 9.57%

from 27.18B

Revenue Next Year

32.00B

Increased by 7.47%

from 29.78B

EPS This Year

9.52

Increased by 10.55%

from 8.61

EPS Next Year

10.54

Increased by 10.78%

from 9.52

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	29.78B	32.00B	33.78B
Revenue Growth	17.76%	34.07%	11.80%	2.84%	2.49%	9.57%	7.47%	5.56%
EPS	3.92	6.40	7.44	8.11	8.61	9.52	10.54	11.00
EPS Growth	37.06%	63.27%	16.25%	9.01%	6.17%	10.55%	10.78%	4.31%
Forward PE	-	-	-	-	-	18.07	16.31	15.64
No. Analysts	-	-	-	-	-	37	33	16

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	32.2B	35.9B	37.0B
Avg	29.8B	32.0B	33.8B
Low	27.0B	27.4B	28.9B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	18.3%	20.5%	15.5%
Avg	9.6%	7.5%	5.6%
Low	-0.6%	-8.0%	-9.6%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	10.54	12.27	12.90
Avg	9.52	10.54	11.00
Low	8.06	8.42	7.06

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	22.4%	29.0%	22.4%
Avg	10.6%	10.8%	4.3%
Low	-6.4%	-11.6%	-33.1%

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.