Applied Materials (AMAT) Stock Forecast & Price Target

$479.26 +5.01 (+1.06%)

As of 10:38 AM Eastern

Compare

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

Consensus Rating

Moderate Buy

Based on 33 Analyst Ratings

Sell
0

Hold
5

Buy
28

Based on 33 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 33 analysts, 5 have given a hold rating, 27 have given a buy rating, and 1 has given a strong buy rating for AMAT.

Consensus Price Target

$658.45
37.39% Upside

According to the 33 analysts' twelve-month price targets for Applied Materials, the average price target is $658.45. The highest price target for AMAT is $900.00, while the lowest price target for AMAT is $290.00. The average price target represents a forecasted upside of 37.39% from the current price of $479.26.

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.

Get the Latest News and Ratings for AMAT and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Applied Materials and its competitors.

SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

AMAT Analyst Ratings Over Time

Type	Current Forecast 9/25/25 to 9/25/26	1 Month Ago 8/26/25 to 8/26/26	3 Months Ago 6/27/25 to 6/27/26	1 Year Ago 9/25/24 to 9/25/25
Strong Buy	1 Strong Buy rating(s)	1 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	5 Hold rating(s)	5 Hold rating(s)	8 Hold rating(s)	10 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$658.45	$657.76	$518.19	$193.92
Forecasted Upside	37.39% Upside	37.10% Upside	-17.33% Downside	-2.85% 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	Technology Companies	Broader Market
Consensus Rating Score	2.88	2.23	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	38.84% Upside	941.58% Upside	19.68% 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
9/9/2026	Weiss Ratings 5 of 5 stars		Downgrade	Buy (B) ➝ Buy (B-)
9/1/2026	UBS Group 4 of 5 stars	Timothy Arcuri 5 of 5 stars	Boost Target	Buy	$675.00 ➝ $695.00	+51.59%
8/25/2026	Mizuho 3 of 5 stars	Vijay Rakesh 5 of 5 stars	Lower Target	Outperform	$650.00 ➝ $590.00	+21.85%
8/18/2026	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	Set Target		$600.00	+19.93%
8/14/2026	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	Reiterated Rating	Overweight
8/14/2026	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	Boost Target	Buy	$530.00 ➝ $585.00	+15.04%
8/14/2026	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	Reiterated Rating	Buy	$605.00	+18.18%
8/14/2026	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	Lower Target	Equal Weight	$646.00 ➝ $642.00	+26.25%
8/14/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Stacy Rasgon Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$675.00 ➝ $700.00	+30.95%
8/14/2026	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	Lower Target	Buy	$720.00 ➝ $650.00	+21.60%
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.
8/14/2026	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	Reiterated Rating	Buy	$700.00	+37.98%
8/14/2026	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	$520.00 ➝ $600.00	+17.27%
8/14/2026	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	Reiterated Rating	Buy	$790.00 ➝ $700.00	+37.36%
8/14/2026	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	$515.00 ➝ $660.00	+28.79%
8/14/2026	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	$740.00	+38.44%
8/11/2026	William Blair Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sebastien Naji Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Market Perform
8/5/2026	Erste Group Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
8/3/2026	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	Reiterated Rating	Buy
8/3/2026	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	Reiterated Rating	Buy	$645.00	+27.05%
7/27/2026	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	Reiterated Rating	Buy	$683.00	+27.37%
7/10/2026	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	Boost Target	Buy	$530.00 ➝ $650.00	+10.42%
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	HC Wainwright Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$850.00	+29.20%
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	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%
6/11/2026	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%
5/15/2026	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%
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%
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
Your $29.97 book is free today (Ad) Why Some Traders Skip Stocks Entirely You don't need a big account to trade options. In fact, options can give you up to 12 times the leverage of stocks — with a fraction of the capital tied up. This free guide lays it all out in plain English — from A to Z, with step-by-step examples you can follow in your own account. Normally $29.97. Today it's free. Grab your copy now.

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:39 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 Wednesday, September 23, 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.:

Applied Materials, Inc. is positioned to benefit from a raised semiconductor-equipment spending outlook by Bank of America, which anticipates accelerating demand for AI chips, memory, and advanced packaging, creating a tailwind for the company's manufacturing equipment sales.
The company recently committed to a $5 billion, decade-long investment in India to expand its research, supply-chain, and workforce presence, a strategic move that aligns with the market's push to build a domestic semiconductor industry and offers long-term growth opportunities.
Applied Materials, Inc. reported strong financial performance in its most recent quarter, with revenue of $9.12 billion, a 24.8% year-over-year increase, and earnings per share of $3.50, which exceeded the analyst consensus estimate of $3.40, demonstrating robust operational momentum.
Wall Street analysts maintain a "Moderate Buy" consensus rating with a price target of $658.45, which is significantly higher than the current stock price of $474.38, suggesting substantial potential for capital appreciation as the market digests recent positive developments.
Institutional investor confidence is high, with 80.56% of the stock owned by hedge funds and other institutional investors, and recent filings show major firms like State Street Corp and Envestnet Asset Management Inc. increasing their stakes in the second quarter.

Applied Materials
Bear Case

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

The stock is trading at a premium valuation with a P/E ratio of 40.89, which makes it vulnerable to price corrections if the semiconductor-equipment cycle turns lower or if factory spending and growth expectations weaken.
Corporate insiders have been selling shares recently, including Director Judy Bruner who sold 1,000 shares on September 8, 2026, and CFO Brice Hill who sold 7,500 shares on August 25, 2026, indicating potential internal caution about the stock's current valuation.
Applied Materials, Inc. has a high beta of 1.60, meaning the stock is significantly more volatile than the overall market and may experience larger price swings in response to economic or sector-specific news.
Despite recent momentum, some market commentary warns that the semiconductor-equipment cycle could turn lower, posing a risk to the company's revenue if the current period of high spending by chip manufacturers does not sustain its pace.
The company's stock has experienced significant volatility, with a 52-week range from $196.20 to $739.67, and recent price movements show sharp declines and advances, reflecting substantial uncertainty in the market's direction for the stock.

AMAT Forecast - Frequently Asked Questions

According to the research reports of 33 Wall Street equities research analysts, the average twelve-month stock price forecast for Applied Materials is $658.45, with a high forecast of $900.00 and a low forecast of $290.00.

33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Applied Materials in the last year. There are currently 5 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 37.39% based on their 12-month stock forecasts.

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

Applied Materials has been rated by research analysts at Argus, B. Riley Financial, Bank of America, Cantor Fitzgerald, Citigroup, Craig Hallum, Deutsche Bank Aktiengesellschaft, Erste Group Bank, HC Wainwright, HSBC, JPMorgan Chase & Co., KeyCorp, Mizuho, Morgan Stanley, Needham & Company LLC, Royal Bank Of Canada, Sanford C. Bernstein, Stifel Nicolaus, Susquehanna, TD Cowen, The Goldman Sachs Group, UBS Group, Weiss Ratings, William Blair, and Zacks Research in the past 90 days.

Analysts like Applied Materials more than other "technology" companies. The consensus rating for Applied Materials is Moderate Buy while the average consensus rating for "technology" companies is Hold. Learn more on how AMAT compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Applied Materials Recommendations

MarketBeat monitors more than a dozen sources for Applied Materials analyst ratings, with the most recent rating issued on 9/9/2026.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Applied Materials (AMAT) Stock Forecast & Price Target

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

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

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Applied Materials Recommendations

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Applied Materials (AMAT) Stock Forecast & Price Target

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

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

What is Applied Materials' forecast for 2026?

Should I buy or sell Applied Materials stock right now?

Does Applied Materials's stock price have much upside?

Has Applied Materials been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Applied Materials?

Do Wall Street analysts like Applied Materials more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Applied Materials Recommendations

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