Applied Materials, Inc. (AMAT)
NASDAQ: AMAT · Real-Time Price · USD
456.49
+2.48 (0.55%)
At close: Sep 11, 2026, 4:00 PM EDT
456.95
+0.46 (0.10%)
After-hours: Sep 11, 2026, 7:58 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 $640.89. The average 1-year stock price forecast is 40.40% higher than the current stock price, while the lowest is $358 (-21.58%) and the highest is $900 (+97.16%).

Price Target: $640.89 (+40.40%)
Analyst Consensus: Strong Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$358$640.89$650$900
Change-21.58%+40.40%+42.39%+97.16%

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
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy242828282828
Buy544444
Hold786777
Sell001000
Strong Sell000000
Total364039393939

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Bernstein
Bernstein
Buy
Maintains
$700
BuyMaintains$700+53.34%Sep 3, 2026
Goldman Sachs
Goldman Sachs
Buy
Maintains
$670
BuyMaintains$670+46.77%Sep 1, 2026
UBS
UBS
Buy
Maintains
$675$695
BuyMaintains$675$695+52.25%Sep 1, 2026
Mizuho Securities
Mizuho Securities
Buy
Reiterates
$650$590
BuyReiterates$650$590+29.25%Aug 25, 2026
J.P. Morgan
J.P. Morgan
Buy
Maintains
n/a
BuyMaintainsn/an/aAug 20, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
34.25B
from 28.37B
Increased by 20.75%
Revenue Next Year
46.13B
from 34.25B
Increased by 34.68%
EPS This Year
12.79
from 9.42
Increased by 35.82%
EPS Next Year
18.45
from 12.79
Increased by 44.24%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingOct 31, 2021Oct 30, 2022Oct 29, 2023Oct 27, 2024Oct 26, 2025Oct 31, 2026
Revenue
23.06B25.79B26.52B27.18B28.37B34.25B
Revenue Growth
34.07%11.80%2.84%2.49%4.39%20.75%
Gross Profit
10.91B11.99B12.38B12.90B13.81B17.13B
Gross Margin
47.32%46.51%46.70%47.46%48.67%50.01%
Operating Income
7.20B7.78B7.65B7.87B8.51B11.33B
Net Income
5.89B6.53B6.86B7.18B7.00B10.54B
EPS
----9.4212.79
EPS Growth
----8.90%35.82%
Forward PE
17.0713.1917.3420.0725.4635.68
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
3.28B3.12B5.39B5.57B3.65B5.64B
No. Analysts
-----33
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High34.7B
Avg34.3B
Low33.2B

Revenue Growth

Revenue Growth202620272028
High
22.5%
Avg
20.7%
Low
16.9%

EPS Forecast

EPS202620272028
High12.98
Avg12.79
Low12.53

EPS Growth

EPS Growth202620272028
High
37.8%
Avg
35.8%
Low
33.0%