Applied Materials, Inc. (AMAT)
NASDAQ: AMAT · Real-Time Price · USD
492.32
-3.89 (-0.78%)
At close: Aug 21, 2026, 4:00 PM EDT
492.00
-0.32 (-0.07%)
After-hours: Aug 21, 2026, 7:59 PM EDT

Applied Materials Stock Forecast

Stock Price Forecast

According to 39 analysts polled by S&P Global, Applied Materials stock has a consensus rating of "Strong Buy" and an average price target of $641.03. The average 1-year stock price forecast is 30.21% higher than the current stock price, while the lowest is $358 (-27.28%) and the highest is $900 (+82.81%).

Price Target: $641.03 (+30.21%)
Analyst Consensus: Strong Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$358$641.03$650$900
Change-27.28%+30.21%+32.03%+82.81%

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
RatingMar '26Apr '26May '26Jun '26Jul '26Aug '26
Strong Buy232428282828
Buy554444
Hold978677
Sell000100
Strong Sell000000
Total373640393939

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
J.P. Morgan
J.P. Morgan
Buy
Maintains
n/a
BuyMaintainsn/an/aAug 20, 2026
Argus Research
Argus Research
Buy
Reiterates
$500$600
BuyReiterates$500$600+21.87%Aug 18, 2026
Unknown Analyst
Berenberg Bank
No rating
Berenberg Bank
Buy
Maintains
$575$675
BuyMaintains$575$675+37.11%Aug 18, 2026
UBS
UBS
Buy
Maintains
$705$675
BuyMaintains$705$675+37.11%Aug 17, 2026
DBS
DBS
Buy
Maintains
$518$710
BuyMaintains$518$710+44.22%Aug 17, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
34.18B
from 28.37B
Increased by 20.48%
Revenue Next Year
45.87B
from 34.18B
Increased by 34.21%
EPS This Year
12.79
from 9.42
Increased by 35.80%
EPS Next Year
18.34
from 12.79
Increased by 43.38%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingOct 31, 2021Oct 30, 2022Oct 29, 2023Oct 27, 2024Oct 26, 2025Oct 31, 2026
Revenue
23.06B25.79B26.52B27.18B28.37B34.18B
Revenue Growth
34.07%11.80%2.84%2.49%4.39%20.48%
Gross Profit
10.91B11.99B12.38B12.90B13.81B17.10B
Gross Margin
47.32%46.51%46.70%47.46%48.67%50.04%
Operating Income
7.20B7.78B7.65B7.87B8.51B11.34B
Net Income
5.89B6.53B6.86B7.18B7.00B10.57B
EPS
----9.4212.79
EPS Growth
----8.90%35.80%
Forward PE
17.0713.1917.3420.0725.4638.49
Dividend / Share
0.941.021.221.521.781.97
Dividend Growth
8.05%8.51%19.61%24.59%17.11%10.61%
Free Cash Flow
3.28B3.12B5.39B5.57B3.65B5.68B
No. Analysts
-----33
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High34.7B
Avg34.2B
Low32.7B

Revenue Growth

Revenue Growth202620272028
High
22.5%
Avg
20.5%
Low
15.2%

EPS Forecast

EPS202620272028
High12.98
Avg12.79
Low12.53

EPS Growth

EPS Growth202620272028
High
37.8%
Avg
35.8%
Low
33.0%