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 $339.39, which forecasts a -15.88% decrease in the stock price over the next year. The lowest target is $170 and the highest is $500.

Price Target: $339.39 (-15.88%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$170	$339.39	$390	$500
Change	-57.87%	-15.88%	-3.34%	+23.92%

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	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	9	9	9	10	10	10
Buy	11	10	13	13	13	13
Hold	8	8	5	5	5	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	28	27	27	28	28	28

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Craig Ellis B. Riley Securities	B. Riley Securities	Strong Buy Maintains $450 → $485	Strong Buy	Maintains	$450 → $485	+20.20%	Apr 13, 2026
Mehdi Hosseini Susquehanna	Susquehanna	Buy Maintains $435 → $500	Buy	Maintains	$435 → $500	+23.92%	Apr 9, 2026
Shane Brett Morgan Stanley	Morgan Stanley	Buy Maintains $420 → $432	Buy	Maintains	$420 → $432	+7.07%	Feb 25, 2026
Tom O'Malley Barclays	Barclays	Buy Maintains $360 → $450	Buy	Maintains	$360 → $450	+11.53%	Feb 17, 2026
Atif Malik Citigroup	Citigroup	Strong Buy Maintains $400 → $420	Strong Buy	Maintains	$400 → $420	+4.09%	Feb 13, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

31.97B

Increased by 12.68%

from 28.37B

Revenue Next Year

38.38B

Increased by 20.07%

from 31.97B

EPS This Year

11.21

Increased by 29.48%

from 8.66

EPS Next Year

14.25

Increased by 27.12%

from 11.21

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	31.97B	38.38B
Revenue Growth	34.07%	11.80%	2.84%	2.49%	4.39%	12.68%	20.07%
EPS	6.40	7.44	8.11	8.61	8.66	11.21	14.25
EPS Growth	63.27%	16.25%	9.01%	6.17%	0.58%	29.48%	27.12%
Forward PE	-	-	-	-	-	35.98	28.31
No. Analysts	-	-	-	-	-	39	38

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	35.1B	43.8B
Avg	32.0B	38.4B
Low	27.9B	33.3B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	23.8%	36.9%
Avg	12.7%	20.1%
Low	-1.6%	4.2%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	12.09	17.62
Avg	11.21	14.25
Low	9.08	10.82

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	39.6%	57.1%
Avg	29.5%	27.1%
Low	4.9%	-3.5%

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.