TD Cowen Maintains Outperform on Applied Mat, Raises Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Krish Sankar has maintained an Outperform rating on Applied Materials (NASDAQ:AMAT) and increased the price target from $165 to $185. This adjustment reflects a positive outlook on the company's future performance.
December 12, 2023 | 12:47 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
TD Cowen analyst Krish Sankar reaffirmed an Outperform rating on Applied Materials and raised the price target to $185, indicating a bullish stance on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's growth prospects and financial health. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100