Shared on 14 Dec 25

Fair value Increased 2.79%

AMAT: Future WFE Cycle And China Policy Risks Will Shape Returns

We raise our fair value estimate for Applied Materials to $248.44 from $241.69, reflecting analysts' increased price targets in the mid $200s on stronger than expected execution, slightly higher long term revenue growth and margins, and confidence that China related risks are moderating while wafer fab equipment and services demand in foundry and memory remains robust. Analyst Commentary Street research has turned decisively more constructive on Applied Materials, with multiple firms lifting price targets into the mid to high $200s following better than expected results and guidance.

Shared on 28 Nov 25

Fair value Increased 8.41%

AMAT: Future Demand Strength And Industry Competition Will Shape Stock Performance

Applied Materials’ analyst price target has increased from $222.94 to $241.69. Analysts cite stronger-than-expected recent results, improved revenue growth forecasts, and solid ongoing demand in core market segments as the main reasons for the upward revision.

Shared on 14 Nov 25

Fair value Increased 2.10%

AMAT: Future Equipment Demand And Industry Shifts Will Drive Mixed Performance

The analyst price target for Applied Materials has increased from approximately $218 to $223 per share. Analysts cite above-consensus execution, persistent industry strength, and improved growth outlook as key reasons for the upward revision.

Shared on 31 Oct 25

Fair value Increased 1.53%

Applied Materials' analyst price target has increased modestly from $215 to $218, as analysts point to anticipated upside from wafer fab equipment demand and improving order visibility in the semiconductor capital equipment sector. Analyst Commentary Analysts have provided a broad range of perspectives on Applied Materials in recent research, reflecting both optimism around growth drivers and caution about near-term risks within the semiconductor capital equipment sector.

Shared on 17 Oct 25

Fair value Increased 8.09%

Applied Materials' fair value estimate has increased to $215 from $199, as analysts raise price targets. This is due to improving wafer fab equipment demand and greater order visibility in the semiconductor capital equipment industry.

Shared on 03 Oct 25

Fair value Increased 2.09%

Applied Materials' analyst price target has increased by approximately $4 to $199, as analysts cite stabilizing risk and reward dynamics and expectations for improving revenue growth, despite ongoing concerns about demand headwinds and China exposure. Analyst Commentary Recent research reflects a divided outlook on Applied Materials, with both supportive and cautious perspectives emerging from the Street.

Shared on 04 Sep 25

Fair value Increased 0.17%

Applied Materials’ consensus price target remains unchanged at $194.58, as analysts weigh near-term earnings headwinds from China-related volatility and export restrictions against long-term strength in AI-driven demand and wafer fab investments. Analyst Commentary Consensus among analysts is that Applied Materials’ near-term earnings outlook is weaker than expected due to volatility and digestion in China and reduced leading-edge foundry/logic spending, with guidance for the October quarter notably below consensus.

Shared on 07 May 25

Fair value Decreased 6.68%

Shared on 30 Apr 25

Fair value Increased 2.90%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 23 Apr 25

Fair value Decreased 0.44%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 16 Apr 25

Fair value Decreased 1.28%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 0.15%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Mar 25

Fair value Increased 0.83%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 10 Mar 25

Fair value Increased 3.10%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AMAT: Demand Momentum And China Uncertainty Will Shape Sector Outlook This Year

AMAT: Future WFE Cycle And China Policy Risks Will Shape Returns

AMAT: Future Demand Strength And Industry Competition Will Shape Stock Performance

AMAT: Future Equipment Demand And Industry Shifts Will Drive Mixed Performance

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