Raymond James Maintains Outperform on Applied Mat, Raises Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Srini Pajjuri has reaffirmed an Outperform rating on Applied Materials (NASDAQ:AMAT) and increased the price target from $160 to $180.
January 19, 2024 | 3:26 pm
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Raymond James analyst Srini Pajjuri has maintained an Outperform rating on Applied Materials and raised the price target from $160 to $180, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and can positively influence investor sentiment, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100