Where Applied Mat Stands With Analysts
Portfolio Pulse from Benzinga Insights
Applied Materials (NASDAQ:AMAT) has been analyzed by 8 analysts, showing a range of opinions. The average 12-month price target is now $167.38, up 10.24% from the previous $151.83. Analysts from firms like Raymond James, Barclays, and others have raised their price targets, reflecting a positive outlook on AMAT's performance. Despite a slight revenue decline of -0.39% over 3 months, AMAT's financials are strong, with a high net margin of 29.81% and ROE of 12.75%. The company is a leading semiconductor equipment manufacturer with a significant market presence.
January 19, 2024 | 4:00 pm
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POSITIVE IMPACT
Applied Materials has received positive revisions in analyst ratings and price targets, with an average 12-month price target of $167.38. The company's strong financial performance and market leadership in semiconductor equipment manufacturing are likely to support its stock price.
The upward revision of price targets by multiple analysts suggests a bullish sentiment towards AMAT's stock. The company's strong financial metrics, such as high net margin and ROE, along with its leadership in the semiconductor equipment sector, provide a solid foundation for potential stock appreciation. The positive shift in the average price target indicates that analysts expect the stock to perform well in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100