Citi Applied Materials · AMAT

Citi Raises Applied Materials Price Target to $400

Analyst: Atif Malik 1 min read Reproduced verbatim
Rating
Buy
Target
$400
from $250 (+60%)
Outcome
Reached
on April 22, 2026
Citi and Applied Materials logos

What the analyst said

Citi analyst Atif Malik raised the price target on Applied Materials (NASDAQ: AMAT) to $400.00 (from $250.00) while maintaining a Buy rating.

Disclaimer
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.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

AMAT trades at $319. The 8 analysts who set a target in the last 3 months range from $538 to $850, with a median of $685. This $400 target is 42% below the median, the lowest on the Street.

Since the note AMAT has moved 0% (from $319). 12-month window: day 274 of 365, closes on February 4, 2027.

Track record

This call✓ Target reached on April 22, 2026, 3 months after the note.

Firm track recordCiti: 88% of its 41 targets at least a year old were reached within 12 months (#3 of 26 firms). Accuracy ranking →

Citi on Applied Materials

Citi price targets on Applied Materials

5 calls from February 4, 2026 to September 8, 2026. The target went from $400 to $710 (+78%). The rating stayed Buy.

Citi targetAMAT share price
  1. September 8, 2026Kept the $710 targetBuy$710
  2. June 17, 2026Target raised from $550 (+29%)Buy$710
  3. May 15, 2026Target raised from $520 (+6%)Buy$550
  4. May 12, 2026Target raised from $400 (+30%)Buy$520
  5. February 4, 2026 This noteEarliest call shownBuy$400
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Other analysts on Applied Materials

Morgan StanleyHold Cut price target −4%, kept rating Nov 3 $538from $563 CantorBuy Kept rating and price target Oct 20 $850maintained EvercoreBuy Kept rating and price target Oct 13 $700maintained Morgan StanleyHold Raised price target +22%, kept rating Sep 28 $563from $462 UBSBuy Raised price target +3%, kept rating Sep 1 $695from $675
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.