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Applied Materials (AMAT) Stock Forecast & Price Target

Applied Materials logo
$428.62 +17.80 (+4.33%)
Closing price 04:00 PM Eastern
Extended Trading
$426.80 -1.82 (-0.42%)
As of 07:13 PM Eastern
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Applied Materials - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Sell
0
Hold
7
Buy
27

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, 7 have given a hold rating, and 27 have given a buy rating for AMAT.

Consensus Price Target

$370.86
-13.48% Downside
According to the 34 analysts' twelve-month price targets for Applied Materials, the average price target is $370.86. The highest price target for AMAT is $500.00, while the lowest price target for AMAT is $150.00. The average price target represents a forecasted downside of -13.48% from the current price of $428.62.
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

TypeCurrent Forecast
5/6/25 to 5/6/26
1 Month Ago
4/6/25 to 4/6/26
3 Months Ago
2/5/25 to 2/5/26
1 Year Ago
5/6/24 to 5/6/25
Strong Buy
0 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
27 Buy rating(s)
26 Buy rating(s)
24 Buy rating(s)
17 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
8 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$370.86$363.46$315.15$208.86
Forecasted Upside-13.48% Downside3.08% Upside3.67% Upside36.48% Upside
Consensus RatingModerate BuyModerate BuyModerate BuyModerate 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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Applied Materials Stock vs. The Competition

TypeApplied MaterialsComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.79
2.30
2.52
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside-12.94% Downside159.92% Upside13.94% Upside
News Sentiment Rating
Positive News

See Recent AMAT News
Positive News
Positive News
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
5/5/2026
Morgan Stanley logo
Morgan Stanley
3 of 5 stars
Shane Brett
Shane Brett
Not Rated
Boost TargetOverweight$432.00 ➝ $454.00+10.04%
5/4/2026
UBS Group AG logo
UBS Group
4 of 5 stars
Timothy Arcuri
Timothy Arcuri
5 of 5 stars
Boost TargetBuy$430.00 ➝ $480.00+22.14%
4/27/2026 DowngradeStrong-BuyHold
4/27/2026 UpgradeHoldBuy
4/13/2026Boost TargetBuy$450.00 ➝ $485.00+23.86%
4/9/2026Boost TargetPositive$435.00 ➝ $500.00+27.23%
3/27/2026 Reiterated RatingBuy (B-)
2/16/2026 UpgradeHold
2/13/2026Set Target$430.00+20.18%
2/13/2026Boost TargetBuy$310.00 ➝ $390.00+6.73%
2/13/2026Reiterated RatingOutperform$425.00+16.81%
2/13/2026Reiterated RatingOverweight$470.00+28.62%
2/13/2026Boost TargetBuy$315.00 ➝ $450.00+37.00%
2/13/2026Reiterated RatingBuy$450.00+23.15%
2/13/2026Boost TargetOverweight$350.00 ➝ $435.00+32.44%
2/13/2026Boost TargetBuy$340.00 ➝ $450.00+23.15%
2/13/2026Boost TargetOverweight$380.00 ➝ $450.00+37.00%
2/13/2026Boost TargetOverweight$360.00 ➝ $450.00+37.00%
2/13/2026UpgradeOutperform$425.00+29.39%
2/13/2026Boost TargetBuy$400.00 ➝ $420.00+18.05%
2/13/2026 UpgradeHoldBuy
2/13/2026Boost TargetOutperform$370.00 ➝ $410.00+24.82%
2/13/2026Boost TargetBuy$390.00 ➝ $440.00+33.96%
1/13/2026Boost TargetBuy$300.00 ➝ $350.00+13.92%
12/15/2025Boost TargetBuy$260.00 ➝ $360.00+38.88%
11/17/2025 UpgradeHold
11/14/2025Reiterated RatingOutperform$290.00+29.91%
11/14/2025Boost TargetOverweight$220.00 ➝ $260.00+16.84%
11/14/2025Reiterated RatingBuyHold$190.00-14.89%
8/20/2025 DowngradeStrong-BuyHold
8/15/2025 UpgradeHold
8/15/2025Lower TargetOutperform$230.00 ➝ $200.00+6.25%
7/7/2025DowngradeBuyNeutral$225.00 ➝ $200.00+4.83%
5/16/2025Reiterated RatingOutperform$225.00 ➝ $200.00+21.82%
3/12/2025UpgradeHoldBuy
9/16/2024DowngradeStrong-BuyHold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 07:00 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, May 6, 2026. 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.:

  • The stock has received multiple upgrades from analysts recently, with price targets raised significantly, indicating strong market confidence in the company's future performance.
  • Applied Materials, Inc. has a low dividend payout ratio, suggesting that the company retains a substantial portion of its earnings for reinvestment, which could lead to growth and increased shareholder value.
  • The current stock price is around $450, reflecting a strong position in the market and potential for further appreciation as demand for semiconductor manufacturing equipment continues to rise.
  • Recent insider activity shows that executives are selling shares, which can indicate confidence in the company's future performance, as they may be cashing in on gains while still holding significant positions.
  • Applied Materials, Inc. operates in a growing industry, with increasing demand for semiconductor chips and advanced materials, positioning the company well for future growth opportunities.

Applied Materials
Bear Case

red Wall Street bear icon

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

  • The semiconductor industry has experienced significant volatility, with recent sharp increases in stock prices raising concerns about potential pullbacks or corrections in the near term.
  • Insider selling activity, while sometimes viewed positively, can also raise red flags for investors, as it may suggest that insiders believe the stock is at a peak.
  • Market sentiment has been cautious, with broader economic factors potentially impacting growth expectations for companies like Applied Materials, Inc., which could lead to stock price fluctuations.
  • Despite strong analyst ratings, the stock's high valuation may pose risks if the company fails to meet growth expectations, leading to potential multiple compression.
  • Recent reports indicate that while demand is strong, any cooling in growth expectations could negatively impact the stock, making it a riskier investment in the current climate.

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 $370.86, with a high forecast of $500.00 and a low forecast of $150.00.

34 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Applied Materials in the last twelve months. There are currently 7 hold ratings and 27 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 downside of -13.48% based on their 12-month stock forecasts.

Over the previous 90 days, Applied Materials's stock had 6 upgrades and 1 downgrade by analysts.

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.


This page (NASDAQ:AMAT) was last updated on 5/6/2026 by MarketBeat.com Staff.
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