Applied Materials, Inc. (AMAT)

Applied Materials Stock Forecast

Stock Price Forecast

The 28 analysts that cover Applied Materials stock have a consensus rating of "Buy" and an average price target of $199.89, which forecasts a -8.02% decrease in the stock price over the next year. The lowest target is $165 and the highest is $250.

Price Target: $199.89 (-8.02%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$165	$199.89	$202	$250
Change	-24.08%	-8.02%	-7.05%	+15.04%

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	May '25	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25
Strong Buy	8	8	9	8	8	8
Buy	10	10	10	11	11	11
Hold	4	5	6	8	9	9
Sell	1	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	23	23	25	27	28	28

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Joe Quatrochi Wells Fargo	Wells Fargo	Buy Maintains $240 → $250	Buy	Maintains	$240 → $250	+15.04%	Oct 8, 2025
C.J. Muse Cantor Fitzgerald	Cantor Fitzgerald	Buy Reiterates $225	Buy	Reiterates	$225	+3.53%	Oct 3, 2025
Steve Barger Keybanc	Keybanc	Buy Maintains $200 → $220	Buy	Maintains	$200 → $220	+1.23%	Sep 23, 2025
Shane Brett Morgan Stanley	Morgan Stanley	Hold → Buy Upgrades $172 → $209	Hold → Buy	Upgrades	$172 → $209	-3.83%	Sep 22, 2025
Vijay Rakesh Mizuho	Mizuho	Buy → Hold Downgrades $200 → $175	Buy → Hold	Downgrades	$200 → $175	-19.47%	Sep 12, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

28.85B

Increased by 6.15%

from 27.18B

Revenue Next Year

29.76B

Increased by 3.18%

from 28.85B

EPS This Year

9.54

Increased by 10.76%

from 8.61

EPS Next Year

9.76

Increased by 2.32%

from 9.54

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Oct 25, 2020	Oct 31, 2021	Oct 30, 2022	Oct 29, 2023	Oct 27, 2024	Oct 27, 2025	Oct 27, 2026
Revenue	17.20B	23.06B	25.79B	26.52B	27.18B	28.85B	29.76B
Revenue Growth	17.76%	34.07%	11.80%	2.84%	2.49%	6.15%	3.18%
EPS	3.92	6.40	7.44	8.11	8.61	9.54	9.76
EPS Growth	37.06%	63.27%	16.25%	9.01%	6.17%	10.76%	2.32%
Forward PE	-	-	-	-	-	22.79	22.27
No. Analysts	-	-	-	-	-	36	37

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	30.2B	32.3B
Avg	28.8B	29.8B
Low	27.4B	27.4B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	11.3%	11.8%
Avg	6.2%	3.2%
Low	0.7%	-5.0%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	10.06	10.88
Avg	9.54	9.76
Low	8.25	8.58

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	16.8%	14.1%
Avg	10.8%	2.3%
Low	-4.2%	-10.0%

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.