Applied Materials (AMAT) Stock Forecast & Price Target

$536.25 -26.55 (-4.72%)

Closing price 07/24/2026 04:00 PM Eastern

Extended Trading

$537.45 +1.20 (+0.22%)

As of 07/24/2026 07:34 PM Eastern

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Applied Materials - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 34 Analyst Ratings

Sell
0

Hold
6

Buy
28

Based on 34 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 34 analysts, 6 have given a hold rating, 27 have given a buy rating, and 1 has given a strong buy rating for AMAT.

Consensus Price Target

$593.84
10.74% Upside

According to the 34 analysts' twelve-month price targets for Applied Materials, the average price target is $593.84. The highest price target for AMAT is $900.00, while the lowest price target for AMAT is $150.00. The average price target represents a forecasted upside of 10.74% from the current price of $536.25.

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 7/26/25 to 7/26/26	1 Month Ago 6/26/25 to 6/26/26	3 Months Ago 4/27/25 to 4/27/26	1 Year Ago 7/26/24 to 7/26/25
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	27 Buy rating(s)	27 Buy rating(s)	27 Buy rating(s)	17 Buy rating(s)
Hold	6 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$593.84	$501.26	$368.29	$204.95
Forecasted Upside	10.74% Upside	-20.03% Downside	-9.03% Downside	10.37% 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	Broader Market
Consensus Rating Score	2.85	2.29	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	10.74% Upside	214.35% Upside	14.30% 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

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
7/15/2026	UBS Group 4 of 5 stars	Timothy Arcuri 5 of 5 stars	Boost Target	Buy	$570.00 ➝ $705.00	+21.53%
7/10/2026	Stifel Nicolaus 4 of 5 stars	Brian Chin 5 of 5 stars	Boost Target	Buy	$530.00 ➝ $650.00	+10.42%
7/10/2026	Needham & Company LLC 4 of 5 stars	Charles Shi 5 of 5 stars	Boost Target	Buy	$530.00 ➝ $740.00	+25.71%
7/9/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Krish Sankar Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$525.00 ➝ $700.00	+12.19%
7/8/2026	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	Boost Target	Outperform	$540.00 ➝ $650.00	+13.94%
7/6/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Shane Brett Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$502.00 ➝ $647.00	+7.29%
7/1/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
6/30/2026	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	Positive	$575.00 ➝ $900.00	+29.56%
6/29/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	C.J. Muse Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$650.00 ➝ $850.00	+29.20%
6/29/2026	HC Wainwright Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$850.00	+29.20%
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6/29/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steve Barger Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$550.00 ➝ $750.00	+19.65%
6/26/2026	B. Riley Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Craig Ellis Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$550.00 ➝ $790.00	+23.56%
6/26/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joe Quatrochi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$715.00 ➝ $740.00	+10.78%
6/26/2026	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	Boost Target	Buy	$510.00 ➝ $770.00	+15.27%
6/24/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy (B-)
6/23/2026	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	Boost Target	Buy	$540.00 ➝ $720.00	+12.47%
6/17/2026	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	Boost Target	Buy	$550.00 ➝ $710.00	+24.95%
6/11/2026	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	Overweight	$500.00 ➝ $590.00	+18.71%
6/10/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$650.00	+24.66%
5/28/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$575.00	+26.37%
5/19/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	James Kelleher Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$420.00 ➝ $500.00	+25.03%
5/15/2026	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	Boost Target	Outperform	$500.00 ➝ $550.00	+26.57%
5/15/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Melissa Weathers Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$450.00 ➝ $550.00	+27.84%
5/15/2026	Royal Bank Of Canada 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	Boost Target	Outperform	$500.00 ➝ $520.00	+19.67%
5/15/2026	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	Boost Target	Buy	$390.00 ➝ $520.00	+18.03%
5/15/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$525.00	+19.17%
5/15/2026	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	$400.00 ➝ $515.00	+17.47%
5/8/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Adithya Metuku Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Buy	$517.00	+25.84%
4/27/2026	Erste Group Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
2/16/2026	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
2/13/2026	KGI Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Leon Chen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Outperform	$425.00	+29.39%
2/13/2026	Summit Insights Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
11/17/2025	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
11/14/2025	Evercore 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	$290.00	+29.91%
11/14/2025	Craig Hallum Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Christian Schwab Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold	$190.00	-14.89%
8/20/2025	Daiwa Securities Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
8/15/2025	Cfra Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
7/7/2025	Rothschild & Co Redburn 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	Buy ➝ Neutral	$225.00 ➝ $200.00	+4.83%
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
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
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Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 07:32 PM 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 Monday, July 20, 2026. 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 $720, reflecting strong market interest and potential for growth.
Applied Materials, Inc. reported a significant year-over-year revenue increase of 11.4%, indicating robust business performance and demand for its products.
The company has a solid net margin of over 29%, showcasing its ability to convert revenue into profit effectively.
With a return on equity of nearly 37%, Applied Materials, Inc. demonstrates efficient use of shareholder equity to generate profits.
The company has a low debt-to-equity ratio of 0.22, suggesting a conservative approach to leveraging and financial stability.

Applied Materials
Bear Case

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

The price-to-earnings ratio is around 50, which may indicate that the stock is overvalued compared to its earnings, potentially leading to a price correction.
The dividend yield is relatively low at 0.4%, which may not attract income-focused investors looking for higher returns from dividends.
With a beta of 1.57, the stock is more volatile than the market, suggesting higher risk for investors during market fluctuations.
Analysts predict earnings per share for the current fiscal year to be around 12.13, which may not meet the high expectations set by the market.
The company’s quick ratio of 1.80, while above 1, indicates that it may face challenges in meeting short-term liabilities without selling inventory, which could be a concern for liquidity.

AMAT Forecast - Frequently Asked Questions

According to the research reports of 34 Wall Street equities research analysts, the average twelve-month stock price forecast for Applied Materials is $593.84, with a high forecast of $900.00 and a low forecast of $150.00.

34 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Materials in the last twelve months. There are currently 6 hold ratings, 27 buy ratings and 1 strong buy rating 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 upside of 10.74% based on their 12-month stock forecasts.

Over the previous 90 days, Applied Materials's stock had 2 upgrades and 1 downgrade by analysts.

Applied Materials has been rated by research analysts at Argus, B. Riley Financial, Bank of America, Barclays, Cantor Fitzgerald, Citigroup, Deutsche Bank Aktiengesellschaft, Erste Group Bank, HC Wainwright, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Mizuho, Morgan Stanley, Needham & Company LLC, Raymond James Financial, Royal Bank Of Canada, Sanford C. Bernstein, Stifel Nicolaus, Susquehanna, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, Weiss Ratings, Wells Fargo & Company, Wolfe Research, and Zacks 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 7/26/2026 by MarketBeat.com Staff.

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Applied Materials (AMAT) Stock Forecast & Price Target