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 218.95, with a low estimate of 164 and a high estimate of 280. The average target predicts an increase of 14.01% from the current stock price of 192.05.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$164	$218.95	$210	$280
Change	-14.61%	+14.01%	+9.35%	+45.80%

Analyst Ratings

The average analyst rating for AMAT 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	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25
Strong Buy	12	9	9	7	7	7
Buy	7	7	7	7	7	8
Hold	6	6	6	6	5	5
Sell	1	1	1	1	2	1
Strong Sell	0	0	0	0	0	0
Total	26	23	23	21	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Steve Barger Keybanc	Keybanc	Hold → Buy Upgrades $225	Hold → Buy	Upgrades	$225	+17.16%	Jan 17, 2025
Tom O'Malley Barclays	Barclays	Hold Maintains $225 → $200	Hold	Maintains	$225 → $200	+4.14%	Jan 17, 2025
Joseph Quatrochi Wells Fargo	Wells Fargo	Buy Maintains $210 → $200	Buy	Maintains	$210 → $200	+4.14%	Jan 13, 2025
Vijay Rakesh Mizuho	Mizuho	Buy Maintains $220 → $210	Buy	Maintains	$220 → $210	+9.35%	Jan 10, 2025
Toshiya Hari Goldman Sachs	Goldman Sachs	Strong Buy Maintains $230 → $202	Strong Buy	Maintains	$230 → $202	+5.18%	Jan 10, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

29.97B

Increased by 10.26%

from 27.18B

Revenue Next Year

32.46B

Increased by 8.34%

from 29.97B

EPS This Year

9.67

Increased by 12.32%

from 8.61

EPS Next Year

10.86

Increased by 12.33%

from 9.67

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	29.97B	32.46B	34.14B
Revenue Growth	17.76%	34.07%	11.80%	2.84%	2.49%	10.26%	8.34%	5.18%
EPS	3.92	6.40	7.44	8.11	8.61	9.67	10.86	11.39
EPS Growth	37.06%	63.27%	16.25%	9.01%	6.17%	12.32%	12.33%	4.86%
Forward PE	-	-	-	-	-	19.86	17.68	16.86
No. Analysts	-	-	-	-	-	36	29	14

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	32.4B	37.6B	38.3B
Avg	30.0B	32.5B	34.1B
Low	27.0B	27.5B	28.9B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	19.1%	25.5%	18.0%
Avg	10.3%	8.3%	5.2%
Low	-0.6%	-8.3%	-10.9%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	10.83	13.77	14.46
Avg	9.67	10.86	11.39
Low	8.06	8.65	7.06

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	25.7%	42.3%	33.1%
Avg	12.3%	12.3%	4.9%
Low	-6.4%	-10.5%	-35.0%

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.