Needham Maintains Buy on Applied Mat, Raises Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi maintains a Buy rating on Applied Materials (AMAT) and raises the price target from $180 to $240.
February 16, 2024 | 10:57 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Needham analyst Charles Shi reaffirms a Buy rating on Applied Materials and increases the price target to $240.
The upgrade in the price target by a reputable analyst like Charles Shi from Needham is a strong positive signal for Applied Materials. It suggests a bullish outlook on the company's future performance and potential growth, likely leading to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100