What To Expect From Applied Materials Earnings? Analyst Eyes China Dynamics
Portfolio Pulse from Nabaparna Bhattacharya
Stifel analyst Brian Chin reiterated a Buy rating on Applied Materials, Inc. (NASDAQ:AMAT) with a price target of $230. The company will report Q2 FY2024 results on May 16, 2024. The analyst highlights China's significant role in revenue and the potential for higher revenue and profitability in the future.
May 15, 2024 | 6:41 pm
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Stifel analyst Brian Chin reiterated a Buy rating on Applied Materials with a price target of $230. The company will report Q2 FY2024 results on May 16, 2024. The analyst notes China's significant role in revenue and the potential for higher revenue and profitability in the future.
The Buy rating and price target of $230 from a reputable analyst, along with the upcoming earnings report, are likely to positively impact AMAT's stock price in the short term. The emphasis on China's role in revenue and future profitability also supports a positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100