Applied Materials (AMAT) Stock Forecast & Price Target

Applied Materials logo
$184.27 +3.38 (+1.87%)
Closing price 04:00 PM Eastern
Extended Trading
$175.00 -9.28 (-5.03%)
As of 07:59 PM Eastern
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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

Sell
1
Hold
6
Buy
15

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, 6 have given a hold rating, and 15 have given a buy rating for AMAT.

Consensus Price Target

$218.00
18.30% Upside
According to the 22 analysts' twelve-month price targets for Applied Materials, the average price target is $218.00. The highest price target for AMAT is $280.00, while the lowest price target for AMAT is $164.00. The average price target represents a forecasted upside of 18.30% from the current price of $184.27.
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AMAT Analyst Ratings Over Time

TypeCurrent Forecast
2/14/24 to 2/13/25
1 Month Ago
1/15/24 to 1/14/25
3 Months Ago
11/16/23 to 11/15/24
1 Year Ago
2/14/23 to 2/14/24
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
15 Buy rating(s)
15 Buy rating(s)
15 Buy rating(s)
19 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$218.00$218.24$219.81$171.50
Forecasted Upside18.30% Upside25.68% Upside30.16% Upside-7.89% 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.
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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.
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Applied Materials Stock vs. The Competition

TypeApplied MaterialsComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.64
2.68
2.53
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside18.30% Upside49.32% Upside13.41% Upside
News Sentiment Rating
Positive News

See Recent AMAT News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/11/2025Stifel Nicolaus
4 of 5 stars
Brian Chin
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Lower TargetBuy ➝ Buy$250.00 ➝ $235.00+28.63%
1/22/2025Susquehanna
2 of 5 stars
Mehdi Hosseini
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Boost TargetNeutral ➝ Neutral$155.00 ➝ $165.00-17.10%
1/17/2025Barclays
3 of 5 stars
Tom O'Malley
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Lower TargetEqual Weight ➝ Equal Weight$225.00 ➝ $200.00+7.25%
1/17/2025KeyCorp
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Steve Barger
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UpgradeSector Weight ➝ Overweight$225.00 ➝ $225.00+20.66%
1/13/2025Wells Fargo & Company
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Joseph Quatrochi
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Lower TargetOverweight ➝ Overweight$210.00 ➝ $200.00+17.48%
1/10/2025Mizuho
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Vijay Rakesh
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Lower TargetOutperform ➝ Outperform$220.00 ➝ $210.00+22.74%
1/10/2025The Goldman Sachs Group
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Toshiya Hari
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Lower TargetBuy ➝ Buy$230.00 ➝ $202.00+17.82%
12/5/2024Morgan Stanley
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 Reiterated RatingEqual Weight ➝ Underweight$179.00 ➝ $164.00-9.47%
11/29/2024Sanford C. Bernstein
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 Lower TargetOutperform ➝ Outperform$220.00 ➝ $210.00+22.58%
11/15/2024Cantor Fitzgerald
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 Reiterated RatingOverweight ➝ Overweight$250.00 ➝ $250.00+44.53%
11/15/2024Bank of America
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 Lower TargetBuy ➝ Buy$220.00 ➝ $210.00+12.90%
11/15/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$260.00 ➝ $250.00+34.41%
11/15/2024TD Cowen
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 Lower TargetBuy ➝ Buy$250.00 ➝ $230.00+23.66%
11/15/2024Needham & Company LLC
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 Lower TargetBuy ➝ Buy$240.00 ➝ $225.00+20.97%
11/15/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetHold ➝ Hold$220.00 ➝ $200.00+7.53%
9/16/2024Dbs Bank
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J. Au
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DowngradeStrong-Buy ➝ Hold
9/16/2024Citigroup
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 Lower TargetBuy ➝ Buy$240.00 ➝ $217.00+16.37%
9/12/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$220.00 ➝ $210.00+15.61%
8/16/2024B. Riley
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 Lower TargetBuy ➝ Buy$300.00 ➝ $280.00+32.18%
8/16/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$240.00 ➝ $250.00+18.02%
5/17/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$225.00 ➝ $235.00+10.36%
5/13/2024Jefferies Financial Group
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 DowngradeBuy ➝ Hold$215.00 ➝ $210.00+0.13%
1/18/2024Bank Of America (Bofa)
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 Boost TargetBuy ➝ Buy$170.00 ➝ $185.00+15.39%
11/22/2023Redburn Atlantic
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 UpgradeNeutral ➝ Buy$175.00+17.25%
9/14/2023Wolfe Research
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 Initiated CoverageOutperform$185.00+27.97%
8/18/2023Craig Hallum
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 Boost TargetBuy ➝ Buy$139.00 ➝ $160.00+16.29%
8/18/2023Berenberg Bank
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 Boost TargetBuy ➝ Buy$150.00 ➝ $175.00+27.19%
6/16/2023New Street Research
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 DowngradeBuy ➝ Neutral
6/13/2023Redburn Partners
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 Initiated CoverageNeutral
4/6/2023BNP Paribas
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 DowngradeOutperform ➝ Neutral$133.00+13.37%
3/1/2023KGI Securities
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 UpgradeNeutral ➝ Outperform
2/24/2023Cowen
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 Lower Target$279.00 ➝ $271.00+140.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:05 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 Wednesday, January 29, 2025. Please send any questions or comments about these Applied Materials pros and cons to contact@marketbeat.com.

Applied Materials
Bull Case

green Wall Street bull icon

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

  • Applied Materials, Inc. reported a strong quarterly earnings per share (EPS) of $2.32, exceeding the consensus estimate of $2.19, indicating robust financial performance and effective management.
  • The company has a market capitalization of approximately $142 billion, reflecting its significant size and stability in the manufacturing equipment sector, which can be attractive to investors seeking established companies.
  • With a current stock price around $210, investors may find it appealing as it is positioned within a range that analysts have set price targets for, suggesting potential for growth.
  • Applied Materials, Inc. has a solid return on equity of 39.26%, which indicates efficient use of shareholders' equity to generate profits, a positive sign for potential investors.
  • The company has announced a quarterly dividend of $0.40, translating to an annualized dividend yield of approximately 0.92%, providing a return on investment even in a volatile market.

Applied Materials
Bear Case

red Wall Street bear icon

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

  • The stock has a relatively high beta of 1.53, indicating that it is more volatile than the market, which could lead to larger price swings and increased risk for investors.
  • Analysts have varied opinions on the stock, with some recent price target reductions, such as from TD Cowen, which lowered its target from $250 to $230, suggesting potential uncertainty in future performance.
  • The company has a price-to-earnings (P/E) ratio of 20.28, which, while not excessively high, may indicate that the stock is priced at a premium compared to its earnings, potentially limiting upside for new investors.
  • Despite a strong revenue growth of 4.8% year-over-year, the competitive landscape in the semiconductor and manufacturing equipment industry remains fierce, which could impact future growth prospects.
  • With a payout ratio of 18.58%, while the dividend is sustainable, it also indicates that a significant portion of earnings is retained for reinvestment, which may not appeal to income-focused investors.

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 $218.00, with a high forecast of $280.00 and a low forecast of $164.00.

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Applied Materials in the last year. There is currently 1 sell rating, 6 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AMAT shares.

According to analysts, Applied Materials's stock has a predicted upside of 18.30% based on their 12-month stock forecasts.

Over the previous 90 days, Applied Materials's stock had 1 upgrade by analysts.

Analysts like Applied Materials less than other "computer and technology" companies. The consensus rating score for Applied Materials is 2.64 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how AMAT compares to other companies.


This page (NASDAQ:AMAT) was last updated on 2/13/2025 by MarketBeat.com Staff
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