UBS Maintains Neutral on Applied Mat, Raises Price Target to $235
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Arcuri maintains a Neutral rating on Applied Materials (AMAT) and raises the price target from $185 to $235.
March 05, 2024 | 2:45 pm
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POSITIVE IMPACT
UBS analyst Timothy Arcuri maintains a Neutral rating on Applied Materials and raises the price target from $185 to $235.
The increase in price target from $185 to $235 by a reputable analyst suggests a positive outlook on the stock's value, potentially leading to increased investor interest and a short-term price increase. However, the maintenance of a Neutral rating indicates that the analyst sees limitations to the stock's upside potential, which could temper the positive impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100