What the analyst said

Stifel analyst Brian Chin raised the price target on Applied Materials (NASDAQ: AMAT) to $500.00 (from $450.00) while maintaining a Buy rating.

“Applied Materials reports F2Q(Apr) earnings May 14, which we expect to exceed ours/consensus estimates.

It should be evident that forecasts across semicap continue to strengthen, and we believe Applied is no exception.

That said, our prior checks point to Applied’s new capacity expansion in Singapore likely online toward middle/end of F3Q(Jul), thus it would not surprise us if QQ revenue growth were to decelerate in F3Q and re-accelerate in F4Q(Oct).

Our estimate revisions reflect this, yet we believe Applied remains on-track to grow CY26 semicap system revenue 20%+.

Recognizing Applied’s strength in advanced foundry and DRAM, we also estimate +20% revenue growth in CY27 (with potential for more).

We maintain our Buy rating and increase our price target to $500, 30x our new CY27 EPS.”

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Where the price stands

AMAT trades at $372. The 7 analysts who set a target in the last 3 months range from $538 to $850, with a median of $695. This $500 target is 28% below the median, the lowest on the Street.

Since the note AMAT has moved −16% (from $444). 12-month window: day 182 of 365, closes on May 12, 2027.

Track record

This call✓ Target reached on June 3, 2026, 22 days after the note.

Firm track recordStifel: 83% of its 42 targets at least a year old were reached within 12 months (#6 of 26 firms). Accuracy ranking →

Stifel on Applied Materials

Stifel price targets on Applied Materials

5 calls from January 14, 2026 to July 10, 2026. The target went from $340 to $650 (+91%). The rating stayed Buy.

Stifel targetAMAT share price
  1. July 10, 2026Target raised from $530 (+23%)Buy$650
  2. May 15, 2026Target raised from $500 (+6%)Buy$530
  3. May 12, 2026 This noteTarget raised from $450 (+11%)Buy$500
  4. February 13, 2026Target raised from $340 (+32%)Buy$450
  5. January 14, 2026Earliest call shownBuy$340
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Other analysts on Applied Materials

Morgan StanleyHold Cut price target −4%, kept ratingCut target Nov 3 $538from $563−4% CantorBuy Kept rating and price targetReiterated Oct 20 $850maintained EvercoreBuy Kept rating and price targetReiterated Oct 13 $700maintained Morgan StanleyHold Raised price target +22%, kept ratingRaised target Sep 28 $563from $462+22% CitiBuy Kept rating and price targetReiterated Sep 8 $710maintained
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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.