This Is What Whales Are Betting On Applied Mat
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Applied Materials (NASDAQ:AMAT), with 75% of recent trades being bearish. The targeted price range for AMAT over the last 3 months is $37.5 to $150.0. The current price of AMAT is $139.85, up 1.16%. Analysts have mixed ratings, with Wolfe Research and Mizuho downgrading their actions, while Susquehanna, Goldman Sachs, and Berenberg maintain their ratings.
September 18, 2023 | 3:00 pm
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NEGATIVE IMPACT
Applied Materials has seen a bearish stance from a significant investor, with a targeted price range of $37.5 to $150.0. The stock is currently priced at $139.85, up 1.16%. Analyst ratings are mixed.
The bearish stance taken by a significant investor, along with the mixed analyst ratings, could potentially lead to a decrease in the stock price of Applied Materials in the short term. The current price is near the upper end of the targeted price range, which may indicate a potential downward movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100