What the analyst said

KeyBanc analyst Steve Barger raised the price target on Applied Materials (NASDAQ: AMAT) to $450.00 (from $380.00).

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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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Where the price stands

AMAT trades at $381. The 10 analysts who set a target in the last 3 months range from $500 to $850, with a median of $620. This $450 target is 27% below the median, the lowest on the Street.

Since the note AMAT has moved +16% (from $328). 12-month window: day 273 of 365, closes on February 13, 2027.

Track record

This call✓ Target reached on May 26, 2026, 3 months after the note.

Firm track recordKeyBanc: 79% of its 24 targets at least a year old were reached within 12 months (#12 of 26 firms). Accuracy ranking →

Earnings reactionOne of 12 notes after Applied Materials’s Feb 12 results: 12 raised · 0 cut · 0 kept. See every call →

KeyBanc on Applied Materials

KeyBanc price targets on Applied Materials

5 calls from January 16, 2026 to November 13, 2026. The target went from $380 to $750 (+97%). The rating stayed Buy.

KeyBanc targetAMAT share price
  1. November 13, 2026Kept the $750 targetBuy$750
  2. June 29, 2026Target raised from $550 (+36%)Buy$750
  3. May 15, 2026Target raised from $450 (+22%)Buy$550
  4. February 13, 2026 This noteTarget raised from $380 (+18%)Buy$450
  5. January 16, 2026Earliest call shownBuy$380
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Other analysts on Applied Materials

MizuhoBuy Cut price target −14%, kept ratingCut target Nov 13 $510from $590−14% BernsteinBuy Cut price target −14%, kept ratingCut target Nov 13 $600from $700−14% UBSBuy Cut price target −8%, kept ratingCut target Nov 13 $640from $695−8% Bank of AmericaBuy Cut price target −20%, kept ratingCut target Nov 13 $520from $650−20% TD CowenBuy Cut price target −29%, kept ratingCut target Nov 13 $500from $700−29%
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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.