Applied Materials shares are trading higher after TD Cowen raised its price target on the stock from $165 to $185.
Portfolio Pulse from Benzinga Newsdesk
Applied Materials' stock (AMAT) is trading higher following an increase in price target from $165 to $185 by TD Cowen.
December 14, 2023 | 5:07 pm
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POSITIVE IMPACT
Applied Materials' stock price is likely to experience a positive short-term impact due to TD Cowen's raised price target from $165 to $185.
Price target increases by reputable analysts often lead to positive investor sentiment and can cause a short-term rise in stock price. TD Cowen's new price target for AMAT represents a significant increase, which is likely to be interpreted as a strong vote of confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100