Applied Materials, Inc. (AMAT)
NASDAQ: AMAT · Real-Time Price · USD
431.20
-12.42 (-2.80%)
At close: May 12, 2026, 4:00 PM EDT
438.75
+7.55 (1.75%)
Pre-market: May 13, 2026, 7:55 AM EDT
Applied Materials Stock Forecast
Stock Price Forecast
The 30 analysts that cover Applied Materials stock have a consensus rating of "Strong Buy" and an average price target of $365.4, which forecasts a -15.26% decrease in the stock price over the next year. The lowest target is $170 and the highest is $550.
Price Target: $365.4 (-15.26%)
Analyst Consensus: Strong Buy
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
| Rating | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 10 | 10 | 10 | 12 |
| Buy | 10 | 13 | 13 | 13 | 13 | 13 |
| Hold | 8 | 5 | 5 | 5 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 27 | 27 | 28 | 28 | 28 | 30 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $420 → $520 | Strong Buy | Maintains | $420 → $520 | +20.59% | May 12, 2026 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Maintains $500 → $550 | Buy | Maintains | $500 → $550 | +27.55% | May 11, 2026 |
| HSBC | HSBC | Strong Buy Initiates $517 | Strong Buy | Initiates | $517 | +19.90% | May 8, 2026 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $432 → $454 | Buy | Maintains | $432 → $454 | +5.29% | May 5, 2026 |
| Seaport Global | Seaport Global | Strong Buy Initiates $500 | Strong Buy | Initiates | $500 | +15.96% | May 5, 2026 |
Financial Forecast
Revenue This Year
32.00B
from 28.37B
Increased by 12.81%
Revenue Next Year
38.50B
from 32.00B
Increased by 20.31%
EPS This Year
11.23
from 8.66
Increased by 29.69%
EPS Next Year
14.35
from 11.23
Increased by 27.77%
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 | 38.5B | |||
| Low | 27.9B | 33.3B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 23.8% | 36.7% | |||
| Avg | 12.8% | 20.3% | |||
| Low | -1.6% | 4.1% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 12.09 | 17.62 | |||
| Avg | 11.23 | 14.35 | |||
| Low | 9.08 | 10.82 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 39.6% | 56.9% | |||
| Avg | 29.7% | 27.8% | |||
| Low | 4.9% | -3.7% |
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 sources.