Applied Materials Likely To Report Slight Drop In Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Applied Materials (NASDAQ: AMAT) is expected to report a slight drop in Q2 earnings at $1.84 per share, compared to $1.85 per share a year ago. The company's revenue is estimated at $6.38 billion. Shares closed at $125.70 on Wednesday, with recent price target changes by top analysts ranging from $120 to $150.
May 18, 2023 | 11:23 am
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Applied Materials is expected to report a slight drop in Q2 earnings, with revenue estimated at $6.38 billion. Top analysts have recently adjusted price targets, ranging from $120 to $150.
The expected slight drop in Q2 earnings may not have a significant impact on the stock price, as the market has likely already priced in this information. However, the recent price target changes by top analysts show a mixed outlook, with some predicting upside and others downside. This creates uncertainty in the short term, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100