Applied Materials (AMAT) Stock Forecast & Price Target

$217.53 -6.06 (-2.71%)

Closing price 10/3/2025 04:00 PM Eastern

Extended Trading

$217.82 +0.29 (+0.14%)

As of 10/3/2025 08:00 PM Eastern

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Applied Materials - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Moderate Buy

Based on 31 Analyst Ratings

Sell
1

Hold
13

Buy
17

Based on 31 Wall Street analysts who have issued ratings for Applied Materials in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 31 analysts, 1 has given a sell rating, 13 have given a hold rating, and 17 have given a buy rating for AMAT.

Consensus Price Target

$195.12
-10.30% Downside

According to the 31 analysts' twelve-month price targets for Applied Materials, the average price target is $195.12. The highest price target for AMAT is $225.00, while the lowest price target for AMAT is $150.00. The average price target represents a forecasted downside of -10.30% from the current price of $217.53.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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AMAT Analyst Ratings Over Time

Type	Current Forecast 10/4/24 to 10/4/25	1 Month Ago 9/4/24 to 9/4/25	3 Months Ago 7/6/24 to 7/6/25	1 Year Ago 10/5/23 to 10/4/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	17 Buy rating(s)	17 Buy rating(s)	16 Buy rating(s)	15 Buy rating(s)
Hold	13 Hold rating(s)	13 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$195.12	$193.88	$200.76	$228.90
Forecasted Upside	-10.30% Downside	22.53% Upside	5.19% Upside	13.34% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

AMAT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AMAT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Applied Materials Stock vs. The Competition

Type	Applied Materials	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.52	2.31	2.51
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-10.30% Downside	55.21% Upside	10.50% Upside
News Sentiment Rating	Positive News See Recent AMAT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/3/2025	Cantor Fitzgerald 4 of 5 stars	C.J. Muse Not Rated	Reiterated Rating	Overweight	$225.00	+0.63%
9/27/2025	Weiss Ratings 0 of 5 stars		Reiterated Rating	Hold (C)
9/23/2025	KeyCorp 4 of 5 stars	Steve Barger Not Rated	Boost Target	Overweight	$200.00 ➝ $220.00	+9.71%
9/22/2025	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Moore Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$172.00 ➝ $209.00	+9.94%
9/12/2025	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Vijay Rakesh Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform ➝ Neutral	$200.00 ➝ $175.00	+2.85%
8/20/2025	Daiwa America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
8/20/2025	Daiwa Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Louis Miscioscia Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform ➝ Neutral	$185.00 ➝ $170.00	+4.80%
8/15/2025	Cfra Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
8/15/2025	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sidney Ho Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Hold	$200.00 ➝ $170.00	+4.83%
8/15/2025	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Atif Malik Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$220.00 ➝ $205.00	+24.94%
Get the Latest News and Ratings for AMAT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Applied Materials and its competitors with MarketBeat's FREE daily newsletter.
8/15/2025	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Timothy Arcuri Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$185.00 ➝ $180.00	+9.52%
8/15/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Quatrochi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$215.00 ➝ $205.00	+8.90%
8/15/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Harlan Sur Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$210.00 ➝ $220.00	+16.87%
8/15/2025	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Buy	$220.00 ➝ $200.00	+6.25%
8/15/2025	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Hold ➝ Sell	$150.00	-20.31%
8/15/2025	Summit Insights Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
8/15/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Vivek Arya Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$190.00 ➝ $180.00	-4.38%
8/15/2025	Evercore ISI Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mark Lipacis Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$209.00	+11.03%
8/15/2025	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chris Caso Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$230.00 ➝ $200.00	+6.25%
8/15/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brian Chin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$195.00 ➝ $180.00	-4.38%
7/28/2025	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tom O'Malley Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$160.00 ➝ $170.00	-8.45%
7/10/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	James Schneider Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Buy	$225.00	+15.15%
7/7/2025	Redburn Atlantic Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Timm Schulze-Melander Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold	$225.00 ➝ $200.00	+4.83%
7/7/2025	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$200.00	+4.79%
5/16/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Srini Pajjuri Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$225.00 ➝ $200.00	+21.82%
5/16/2025	Needham & Company LLC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Charles Shi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$195.00 ➝ $195.00	+11.59%
5/12/2025	B. Riley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Buy	$250.00 ➝ $215.00	+23.22%
3/28/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Blayne Curtis Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Buy	$195.00	+32.04%
3/12/2025	Edward Jones Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	L. Purk Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Buy
1/22/2025	Susquehanna Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mehdi Hosseini Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$155.00 ➝ $165.00	-17.10%
11/29/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	$220.00 ➝ $210.00	+22.58%
9/16/2024	Dbs Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	J. Au Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
1/18/2024	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$170.00 ➝ $185.00	+15.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:02 AM ET.

Should I Buy Applied Materials Stock? AMAT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 30, 2025. Please send any questions or comments about these Applied Materials pros and cons to contact@marketbeat.com.

Applied Materials
Bull Case

Here are some ways that investors could benefit from investing in Applied Materials, Inc.:

The company recently reported strong quarterly earnings, with earnings per share of $2.48, exceeding expectations and indicating robust financial health.
Applied Materials, Inc. has a high return on equity of approximately 41%, suggesting effective management and profitability relative to shareholder equity.
The firm has set a positive earnings guidance for Q4 2025, projecting earnings per share between $1.910 and $2.310, which may attract investor confidence.
With a current stock price around $194.15, the stock is viewed favorably by analysts, with a consensus rating of "Moderate Buy" from multiple investment firms.
The company has a solid dividend payout ratio of about 21.93%, indicating a commitment to returning value to shareholders through dividends.

Applied Materials
Bear Case

Investors should be bearish about investing in Applied Materials, Inc. for these reasons:

Some analysts have downgraded their ratings on the stock, reflecting concerns about potential market volatility and future performance.
The stock has seen target price reductions from various analysts, which may indicate a lack of confidence in short-term growth prospects.
Despite strong earnings, the semiconductor industry can be cyclical, and downturns in demand could negatively impact Applied Materials, Inc.'s revenue.
The current dividend yield of 0.9% may be considered low compared to other investment opportunities, potentially making it less attractive for income-focused investors.
Market conditions and geopolitical factors can affect the semiconductor sector, introducing risks that could impact Applied Materials, Inc.'s operations and profitability.

AMAT Forecast - Frequently Asked Questions

: According to the research reports of 31 Wall Street equities research analysts, the average twelve-month stock price forecast for Applied Materials is $195.12, with a high forecast of $225.00 and a low forecast of $150.00.
: 31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Materials in the last twelve months. There is currently 1 sell rating, 13 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AMAT shares.
: According to analysts, Applied Materials's stock has a predicted downside of -10.30% based on their 12-month stock forecasts.
: Over the previous 90 days, Applied Materials's stock had 5 downgrades and 2 upgrades by analysts.
: Applied Materials has been rated by research analysts at Bank of America, Barclays, Cantor Fitzgerald, Cfra Research, Citigroup, Daiwa America, Daiwa Capital Markets, Deutsche Bank Aktiengesellschaft, DZ Bank, Evercore ISI, JPMorgan Chase & Co., KeyCorp, Mizuho, Morgan Stanley, Redburn Atlantic, Rothschild & Co Redburn, Stifel Nicolaus, Summit Insights, TD Cowen, The Goldman Sachs Group, UBS Group, Weiss Ratings, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Applied Materials more than other "computer and technology" companies. The consensus rating for Applied Materials is Moderate Buy while the average consensus rating for "computer and technology" companies is Hold. Learn more on how AMAT compares to other companies.

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This page (NASDAQ:AMAT) was last updated on 10/4/2025 by MarketBeat.com Staff

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Applied Materials (AMAT) Stock Forecast & Price Target

Applied Materials - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Consensus Price Target

AMAT Analyst Ratings Over Time

AMAT Analyst Recommendations By Month

AMAT Price Targets by Month

Applied Materials Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Applied Materials Stock? AMAT Pros and Cons Explained

Applied Materials
Bull Case

Applied Materials
Bear Case

AMAT Forecast - Frequently Asked Questions

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Applied Materials (AMAT) Stock Forecast & Price Target

Applied Materials - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Consensus Price Target

AMAT Analyst Ratings Over Time

AMAT Analyst Recommendations By Month

AMAT Price Targets by Month

Applied Materials Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Applied Materials Stock? AMAT Pros and Cons Explained

Applied Materials Bull Case

Applied Materials Bear Case

AMAT Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Applied Materials
Bull Case

Applied Materials
Bear Case