DDeutsche Bank AApplied Materials · AMAT
Deutsche Bank Upgrades Applied Materials to Buy
Rating
Buy
Price target
$390
Previous
$275
Implied upside
+22%
Deutsche Bank analyst Melissa Weathers upgraded Applied Materials (NASDAQ: AMAT) from Hold to Buy with a price target of $390.00 (from $275.00).
“We upgrade AMAT to a Buy rating and $390 P/T. With this note, we are raising our estimates for AMAT to reflect a much more constructive WFE environment entering 2026 and 2027.
Our out-year estimates now stand ~10% above Street, with potential upside risk.
In addition, we view the co’s current discount valuation to semicap peers as overdone, and see potential for this valuation gap to shrink going forward.”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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