Applied Materials, Inc. (AMAT)

Applied Materials Stock Forecast

Stock Price Forecast

The 25 analysts with 12-month price forecasts for Applied Materials stock have an average target of 223.84, with a low estimate of 140 and a high estimate of 300. The average target predicts an increase of 6.46% from the current stock price of 210.26.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$140	$223.84	$235	$300
Change	-33.42%	+6.46%	+11.77%	+42.68%

Analyst Ratings

The average analyst rating for AMAT stock from 25 stock analysts 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	11	11	11	12	12	12
Buy	6	6	8	7	7	7
Hold	6	6	4	5	5	5
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	24	24	24	25	25	25

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
C J Muse Cantor Fitzgerald	Cantor Fitzgerald	Buy Maintains $260 → $290	Buy	Maintains	$260 → $290	+37.92%	Jul 16, 2024
Brian Chin Stifel	Stifel	Strong Buy Maintains $240 → $275	Strong Buy	Maintains	$240 → $275	+30.79%	Jul 15, 2024
Craig Ellis B. Riley Securities	B. Riley Securities	Strong Buy Maintains $255 → $300	Strong Buy	Maintains	$255 → $300	+42.68%	Jun 20, 2024
Joseph Quatrochi Wells Fargo	Wells Fargo	Buy Maintains $255 → $280	Buy	Maintains	$255 → $280	+33.17%	Jun 17, 2024
Tom O'Malley Barclays	Barclays	Sell → Hold Upgrades $165 → $225	Sell → Hold	Upgrades	$165 → $225	+7.01%	Jun 5, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

27.48B

Increased by 3.62%

from 26.52B

Revenue Next Year

30.60B

Increased by 11.38%

from 27.48B

EPS This Year

8.55

Increased by 5.45%

from 8.11

EPS Next Year

9.88

Increased by 15.58%

from 8.55

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	14.61B	17.20B	23.06B	25.79B	26.52B	27.48B	30.60B	33.43B	34.58B	38.10B
Revenue Growth	-12.55%	17.76%	34.07%	11.80%	2.84%	3.62%	11.38%	9.22%	3.46%	10.18%
EPS	2.86	3.92	6.40	7.44	8.11	8.55	9.88	11.22	11.94	14.48
EPS Growth	-3.38%	37.06%	63.27%	16.25%	9.01%	5.45%	15.58%	13.46%	6.46%	21.32%
Forward PE	-	-	-	-	-	24.59	21.27	18.75	17.61	14.52
No. Analysts	-	-	-	-	-	35	34	19	4	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	28.6B	33.7B	39.6B	36.6B	39.2B
Avg	27.5B	30.6B	33.4B	34.6B	38.1B
Low	26.2B	27.7B	29.2B	32.3B	36.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	8.0%	22.8%	29.2%	9.5%	13.4%
Avg	3.6%	11.4%	9.2%	3.5%	10.2%
Low	-1.1%	1.0%	-4.5%	-3.4%	5.9%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	9.07	11.40	14.18	13.26	14.91
Avg	8.55	9.88	11.22	11.94	14.48
Low	7.96	8.83	9.61	10.56	13.92

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	11.9%	33.2%	43.4%	18.2%	24.9%
Avg	5.5%	15.6%	13.5%	6.5%	21.3%
Low	-1.9%	3.2%	-2.7%	-5.8%	16.6%

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.