Applied Materials (AMAT) Stock Forecast & Price Target

$165.73 -0.21 (-0.13%)

As of 04:00 PM Eastern

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

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.

Consensus Rating

Moderate Buy

Based on 22 Analyst Ratings

Sell
1

Hold
5

Buy
16

Based on 22 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 22 analysts, 1 has given a sell rating, 5 have given a hold rating, and 16 have given a buy rating for AMAT.

Consensus Price Target

$199.48
20.36% Upside

According to the 22 analysts' twelve-month price targets for Applied Materials, the average price target is $199.48. The highest price target for AMAT is $250.00, while the lowest price target for AMAT is $160.00. The average price target represents a forecasted upside of 20.36% from the current price of $165.73.

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AMAT Analyst Ratings Over Time

Type	Current Forecast 5/20/24 to 5/20/25	1 Month Ago 4/20/24 to 4/20/25	3 Months Ago 2/20/24 to 2/19/25	1 Year Ago 5/21/23 to 5/20/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	16 Buy rating(s)	17 Buy rating(s)	15 Buy rating(s)	19 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$199.48	$210.29	$215.38	$215.64
Forecasted Upside	20.36% Upside	52.98% Upside	23.74% Upside	-1.96% Downside
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	2.68	2.65	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	20.36% Upside	114.65% Upside	13.03% 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 Name	Action	Rating	Price Target	Upside/Downside on Report Date
5/16/2025	Wells Fargo & Company 3 of 5 stars		Reiterated Rating	Mixed ➝ Mixed
5/16/2025	Mizuho 3 of 5 stars	Vijay Rakesh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$205.00 ➝ $195.00	+18.43%
5/16/2025	Raymond James 4 of 5 stars	Srini Pajjuri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$225.00 ➝ $200.00	+21.82%
5/16/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Joseph Moore Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight ➝ Underweight	$164.00 ➝ $162.00	-1.31%
5/16/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Atif Malik Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$170.00 ➝ $190.00	+16.55%
5/16/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Harlan Sur Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$240.00 ➝ $210.00	+20.17%
5/16/2025	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$225.00 ➝ $220.00	+25.89%
5/16/2025	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Charles Shi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$195.00 ➝ $195.00	+11.59%
5/12/2025	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$250.00 ➝ $215.00	+23.22%
5/12/2025	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Matthew Prisco Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$220.00 ➝ $200.00	+14.62%
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4/22/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Tom O'Malley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$190.00 ➝ $160.00	+15.63%
4/16/2025	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Vivek Arya Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$205.00 ➝ $190.00	+30.63%
4/15/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brian Chin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$235.00 ➝ $195.00	+34.85%
3/28/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Blayne Curtis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$195.00	+32.04%
3/12/2025	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Purk Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
1/22/2025	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mehdi Hosseini Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$155.00 ➝ $165.00	-17.10%
1/17/2025	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Steve Barger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Weight ➝ Overweight	$225.00 ➝ $225.00	+20.66%
1/10/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Toshiya Hari Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$230.00 ➝ $202.00	+17.82%
11/29/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$220.00 ➝ $210.00	+22.58%
11/15/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$260.00 ➝ $250.00	+34.41%
11/15/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$220.00 ➝ $200.00	+7.53%
9/16/2024	Dbs Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Au Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
9/12/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$220.00 ➝ $210.00	+15.61%
1/18/2024	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$170.00 ➝ $185.00	+15.39%
11/22/2023	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$175.00	+17.25%
9/14/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$185.00	+27.97%
8/18/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$139.00 ➝ $160.00	+16.29%
8/18/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$150.00 ➝ $175.00	+27.19%
6/16/2023	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
6/13/2023	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:28 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 Thursday, May 15, 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 current stock price is around $147, which reflects a strong position in the market and potential for growth.
Applied Materials, Inc. recently increased its quarterly dividend to $0.46 per share, indicating a commitment to returning value to shareholders.
The company has a robust market capitalization of approximately $136.48 billion, showcasing its stability and influence in the semiconductor industry.
With a return on equity of 39.50%, Applied Materials, Inc. demonstrates effective management and profitability, which can attract investors looking for solid returns.
The company has authorized a significant stock buyback plan of $10 billion, suggesting that the board believes the stock is undervalued and is taking steps to enhance shareholder value.

Applied Materials
Bear Case

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

Analyst ratings show mixed sentiments, with some firms lowering their price targets, which may indicate uncertainty about future performance.
The company has a relatively high price-to-earnings ratio of 21.96, which could suggest that the stock is overvalued compared to its earnings.
Recent earnings reports indicate that while the company is performing well, there is a consensus expectation of only moderate growth in earnings per share for the current fiscal year.
With a beta of 1.71, the stock is more volatile than the market, which could pose risks for investors seeking stability.
There is a significant number of analysts issuing hold ratings, which may reflect caution regarding the stock's short-term prospects.

AMAT Forecast - Frequently Asked Questions

: According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Applied Materials is $199.48, with a high forecast of $250.00 and a low forecast of $160.00.
: 22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Applied Materials in the last year. There is currently 1 sell rating, 5 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AMAT shares.
: According to analysts, Applied Materials's stock has a predicted upside of 20.36% based on their 12-month stock forecasts.
: Over the previous 90 days, Applied Materials's stock had 2 upgrades by analysts.
: Applied Materials has been rated by research analysts at B. Riley, Bank of America, Barclays, Cantor Fitzgerald, Citigroup, Edward Jones, Jefferies Financial Group, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Needham & Company LLC, Raymond James, Stifel Nicolaus, TD Cowen, and Wells Fargo & Company in the past 90 days.
: Analysts like Applied Materials more than other "computer and technology" companies. The consensus rating score for Applied Materials is 2.68 while the average consensus rating score for "computer and technology" companies is 2.65. Learn more on how AMAT compares to other companies.

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This page (NASDAQ:AMAT) was last updated on 5/20/2025 by MarketBeat.com Staff

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Applied Materials (AMAT) Stock Forecast & Price Target