Applied Materials Gets Price Target Bumps By Analysts Following Upbeat Earnings
Portfolio Pulse from Lisa Levin
Applied Materials (AMAT) reported better-than-expected Q2 earnings and sales, with earnings of $2.00 per share and revenues of $6.63 billion. The company also provided Q3 adjusted earnings guidance of $1.56 to $1.92 per share. Several analysts raised their price targets on AMAT following the earnings announcement.
May 19, 2023 | 12:28 pm
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Applied Materials reported strong Q2 results and provided Q3 guidance, leading to multiple analysts raising their price targets on the stock.
Applied Materials reported better-than-expected Q2 earnings and sales, and provided Q3 guidance. This positive news led to several analysts raising their price targets on the stock, which is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100