Applied Materials, Inc. (AMAT)
NASDAQ: AMAT · Real-Time Price · USD
181.82
-1.56 (-0.85%)
At close: Nov 4, 2024, 4:00 PM
182.30
+0.48 (0.26%)
After-hours: Nov 4, 2024, 6:00 PM 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 227.59, with a low estimate of 140 and a high estimate of 280. The average target predicts an increase of 25.17% from the current stock price of 181.82.
Analyst Consensus: Buy
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 12 | 12 | 12 | 12 | 9 | 8 |
| Buy | 7 | 7 | 7 | 7 | 7 | 7 |
| Hold | 5 | 5 | 5 | 6 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 25 | 25 | 25 | 26 | 23 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Susquehanna | Susquehanna | Hold Maintains $215 → $190 | Hold | Maintains | $215 → $190 | +4.50% | Oct 11, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $250 | Buy | Reiterates | $250 | +37.50% | Oct 8, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $260 → $235 | Buy | Maintains | $260 → $235 | +29.25% | Oct 3, 2024 |
| Mizuho | Mizuho | Buy Maintains $245 → $225 | Buy | Maintains | $245 → $225 | +23.75% | Sep 20, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $224 → $185 | Hold | Maintains | $224 → $185 | +1.75% | Sep 17, 2024 |
Financial Forecast
Revenue This Year
27.66B
from 26.52B
Increased by 4.30%
Revenue Next Year
30.76B
from 27.66B
Increased by 11.20%
EPS This Year
8.70
from 8.11
Increased by 7.28%
EPS Next Year
9.89
from 8.70
Increased by 13.63%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 29.2B | 34.4B | 37.8B | ||
| Avg | 27.7B | 30.8B | 33.4B | ||
| Low | 26.5B | 28.2B | 29.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.0% | 24.3% | 23.0% | ||
| Avg | 4.3% | 11.2% | 8.6% | ||
| Low | -0.0% | 2.1% | -3.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.09 | 11.46 | 13.26 | ||
| Avg | 8.70 | 9.89 | 11.05 | ||
| Low | 8.29 | 8.81 | 9.55 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.1% | 31.7% | 34.2% | ||
| Avg | 7.3% | 13.6% | 11.7% | ||
| Low | 2.2% | 1.3% | -3.4% |
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.