Applied Materials Stock Forecast

Stock Price Forecast

The 23 analysts with 12-month price forecasts for Applied Materials stock have an average target of 201.35, with a low estimate of 140 and a high estimate of 260. The average target predicts a decrease of -0.45% from the current stock price of 202.27.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$140	$201.35	$190	$260
Change	-30.79%	-0.45%	-6.07%	+28.54%

Analyst Ratings

The average analyst rating for AMAT stock from 24 stock analysts 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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	12	11	11	11	11	11
Buy	6	6	6	6	6	8
Hold	5	5	6	6	6	4
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	24	23	24	24	24	24

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mark Lipacis Evercore ISI Group	Evercore ISI Group	Buy Initiates $260	Buy	Initiates	$260	+28.54%	Apr 16, 2024
C J Muse Cantor Fitzgerald	Cantor Fitzgerald	Hold → Buy Upgrades $220 → $260	Hold → Buy	Upgrades	$220 → $260	+28.54%	Apr 8, 2024
C J Muse Cantor Fitzgerald	Cantor Fitzgerald	Hold Reiterates $220	Hold	Reiterates	$220	+8.77%	Mar 11, 2024
Stacy Rasgon Bernstein	Bernstein	Buy Maintains $230 → $240	Buy	Maintains	$230 → $240	+18.65%	Mar 11, 2024
Timothy Arcuri UBS	UBS	Hold Maintains $185 → $235	Hold	Maintains	$185 → $235	+16.18%	Mar 5, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

27.29B

from 26.52B

2.91%

from 26.52B

Revenue Next Year

30.28B

from 27.29B

10.95%

from 27.29B

EPS This Year

8.43

from 8.11

3.90%

from 8.11

EPS Next Year

9.73

from 8.43

15.51%

from 8.43

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	14.61B	17.20B	23.06B	25.79B	26.52B	27.29B	30.28B	32.78B	33.91B	35.66B
Revenue Growth	-12.55%	17.76%	34.07%	11.80%	2.84%	2.91%	10.95%	8.25%	3.46%	5.16%
EPS	2.86	3.92	6.40	7.44	8.11	8.43	9.73	11.00	12.26	13.46
EPS Growth	-3.38%	37.06%	63.27%	16.25%	9.01%	3.90%	15.51%	12.97%	11.50%	9.82%
No. Analysts	-	-	-	-	-	34	33	15	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	29.3B	33.3B	37.8B	34.9B	36.7B
Avg	27.3B	30.3B	32.8B	33.9B	35.7B
Low	25.5B	27.6B	28.9B	32.6B	34.3B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	10.4%	21.9%	24.9%	6.5%	8.3%
Avg	2.9%	10.9%	8.3%	3.5%	5.2%
Low	-3.8%	1.2%	-4.5%	-0.6%	1.0%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	9.25	11.39	13.93	12.62	13.86
Avg	8.43	9.73	11.00	12.26	13.46
Low	7.76	8.56	9.21	11.78	12.94

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	14.1%	35.2%	43.2%	14.8%	13.0%
Avg	3.9%	15.5%	13.0%	11.5%	9.8%
Low	-4.3%	1.5%	-5.4%	7.1%	5.5%

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.