Applied Materials, Inc. (AMAT)

Applied Materials Stock Forecast

Stock Price Forecast

The 27 analysts that cover Applied Materials stock have a consensus rating of "Buy" and an average price target of $226.67, which forecasts a -12.55% decrease in the stock price over the next year. The lowest target is $165 and the highest is $300.

Price Target: $226.67 (-12.55%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$165	$226.67	$220	$300
Change	-36.35%	-12.55%	-15.13%	+15.74%

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	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	9	8	8	9	9	9
Buy	11	11	11	11	11	10
Hold	6	8	9	8	8	8
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	26	27	28	28	28	27

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Steve Barger Keybanc	Keybanc	Buy Maintains $240 → $285	Buy	Maintains	$240 → $285	+9.95%	Dec 2, 2025
Timothy Arcuri UBS	UBS	Hold → Strong Buy Upgrades $250 → $285	Hold → Strong Buy	Upgrades	$250 → $285	+9.95%	Nov 25, 2025
Atif Malik Citigroup	Citigroup	Strong Buy Maintains $205 → $250	Strong Buy	Maintains	$205 → $250	-3.55%	Nov 14, 2025
Shane Brett Morgan Stanley	Morgan Stanley	Buy Maintains $256 → $252	Buy	Maintains	$256 → $252	-2.78%	Nov 14, 2025
Harlan Sur JP Morgan	JP Morgan	Buy Maintains $220 → $260	Buy	Maintains	$220 → $260	+0.30%	Nov 14, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

29.41B

Increased by 3.67%

from 28.37B

Revenue Next Year

33.09B

Increased by 12.50%

from 29.41B

EPS This Year

9.68

Increased by 11.79%

from 8.66

EPS Next Year

11.58

Increased by 19.59%

from 9.68

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Oct 31, 2021	Oct 30, 2022	Oct 29, 2023	Oct 27, 2024	Oct 26, 2025	Oct 26, 2026	Oct 26, 2027
Revenue	23.06B	25.79B	26.52B	27.18B	28.37B	29.41B	33.09B
Revenue Growth	34.07%	11.80%	2.84%	2.49%	4.39%	3.67%	12.50%
EPS	6.40	7.44	8.11	8.61	8.66	9.68	11.58
EPS Growth	63.27%	16.25%	9.01%	6.17%	0.58%	11.79%	19.59%
Forward PE	-	-	-	-	-	26.78	22.39
No. Analysts	-	-	-	-	-	38	31

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	32.0B	38.7B
Avg	29.4B	33.1B
Low	27.4B	29.9B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	12.8%	31.5%
Avg	3.7%	12.5%
Low	-3.3%	1.7%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	10.97	13.80
Avg	9.68	11.58
Low	8.80	9.82

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	26.7%	42.5%
Avg	11.8%	19.6%
Low	1.6%	1.5%

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.