Applied Materials, Inc. (AMAT)
NASDAQ: AMAT · Real-Time Price · USD
364.34
-16.61 (-4.36%)
Nov 13, 2026, 1:35 PM EST - Market open

Applied Materials Stock Forecast

Stock Price Forecast

According to 40 analysts polled by S&P Global, Applied Materials stock has a consensus rating of "Strong Buy" and an average price target of $596.33. The average 1-year stock price forecast is 63.67% higher than the current stock price, while the lowest is $358 (-1.74%) and the highest is $900 (+147.02%).

Price Target: $596.33 (+63.67%)
Analyst Consensus: Strong Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$358$596.33$587.5$900
Change-1.74%+63.67%+61.25%+147.02%

Analyst Ratings

The average analyst rating for Applied Materials stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Chart
RatingJun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Strong Buy282828293028
Buy444455
Hold677767
Sell100000
Strong Sell000000
Total393939404140

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
KeyBanc
KeyBanc
Buy
Reiterates
$750
BuyReiterates$750+105.85%Nov 13, 2026
RBC Capital
RBC Capital
Buy
Maintains
$600
BuyMaintains$600+64.68%Nov 13, 2026
Morgan Stanley
Morgan Stanley
Hold
Maintains
$538 → $507
HoldMaintains$538 → $507+39.16%Nov 13, 2026
TD Cowen
TD Cowen
Buy
Maintains
$700 → $500
BuyMaintains$700 → $500+37.23%Nov 13, 2026
Evercore ISI
Evercore ISI
Buy
Maintains
$590 → $430
BuyMaintains$590 → $430+18.02%Nov 13, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
47.63B
from 34.45B
Increased by 38.26%
Revenue Next Year
57.36B
from 47.63B
Increased by 20.43%
EPS This Year
19.09
from 12.89
Increased by 48.10%
EPS Next Year
24.54
from 19.09
Increased by 28.53%
Fiscal YearFY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingOct 30, 2022Oct 29, 2023Oct 27, 2024Oct 26, 2025Oct 25, 2026Oct 31, 2027
Revenue
25.79B26.52B27.18B28.37B34.45B47.63B
Revenue Growth
11.80%2.84%2.49%4.39%21.43%38.26%
Gross Profit
11.99B12.38B12.90B13.81B17.22B24.34B
Gross Margin
46.51%46.70%47.46%48.67%49.99%51.10%
Operating Income
7.78B7.65B7.87B8.51B11.35B17.36B
Net Income
6.53B6.86B7.18B7.00B10.09B15.11B
EPS
----12.8919.09
EPS Growth
----36.84%48.10%
Forward PE
13.1917.3420.0725.4621.3219.09
Dividend / Share
1.021.221.521.78-2.31
Free Cash Flow
-----12.15B
No. Analysts
-----32
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202720282029
High51.0B
Avg47.6B
Low45.3B

Revenue Growth

Revenue Growth202720282029
High
48.1%
Avg
38.3%
Low
31.4%

EPS Forecast

EPS202720282029
High21.77
Avg19.09
Low16.77

EPS Growth

EPS Growth202720282029
High
68.9%
Avg
48.1%
Low
30.1%