Applied Materials, Inc. (AMAT)
NASDAQ: AMAT · Real-Time Price · USD
170.49
+1.18 (0.70%)
At close: Nov 20, 2024, 4:00 PM
168.39
-2.10 (-1.23%)
Pre-market: Nov 21, 2024, 5:07 AM EST

Applied Materials Stock Forecast

Stock Price Forecast

The 22 analysts with 12-month price forecasts for Applied Materials stock have an average target of 218.68, with a low estimate of 140 and a high estimate of 280. The average target predicts an increase of 28.27% from the current stock price of 170.49.

Analyst Consensus: Buy
Target Low Average Median High
Price $140 $218.68 $225 $280
Change -17.88% +28.27% +31.97% +64.23%

Analyst Ratings

The average analyst rating for AMAT stock from 22 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 Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 121212998
Buy 777777
Hold 556666
Sell 111111
Strong Sell 000000
Total 252526232322

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
TD Cowen
TD Cowen
Strong Buy
Maintains
$250$230
Strong Buy Maintains $250$230 +34.91% Nov 15, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Buy
Reiterates
$250
Buy Reiterates $250 +46.64% Nov 15, 2024
Evercore ISI Group
Evercore ISI Group
Buy
Maintains
$260$250
Buy Maintains $260$250 +46.64% Nov 15, 2024
Wells Fargo
Wells Fargo
Buy
Maintains
$235$220
Buy Maintains $235$220 +29.04% Nov 15, 2024
B of A Securities
B of A Securities
Strong Buy
Maintains
$220$210
Strong Buy Maintains $220$210 +23.17% Nov 15, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
30.76B
from 27.18B
Increased by 13.17%
Revenue Next Year
33.41B
from 30.76B
Increased by 8.61%
EPS This Year
9.89
from 8.61
Increased by 14.81%
EPS Next Year
11.05
from 9.89
Increased by 11.74%
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 31, 2027
Revenue
17.20B23.06B25.79B26.52B27.18B30.76B33.41B34.58B
Revenue Growth
17.76%34.07%11.80%2.84%2.49%13.17%8.61%3.53%
EPS
3.926.407.448.118.619.8911.0511.94
EPS Growth
37.06%63.27%16.25%9.01%6.17%14.81%11.74%8.09%
Forward PE
-----17.2515.4314.28
No. Analysts -----35204
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2025202620272028
High 34.4B 37.8B 36.6B
Avg 30.8B 33.4B 34.6B
Low 28.2B 29.8B 32.3B

Revenue Growth

Revenue Growth 2025202620272028
High
26.5%
23.0%
9.6%
Avg
13.2%
8.6%
3.5%
Low
3.9%
-3.1%
-3.4%

EPS Forecast

EPS 2025202620272028
High 11.46 13.26 13.26
Avg 9.89 11.05 11.94
Low 8.81 9.55 10.56

EPS Growth

EPS Growth 2025202620272028
High
33.0%
34.2%
20.1%
Avg
14.8%
11.7%
8.1%
Low
2.3%
-3.4%
-4.4%
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.