What the analyst said

JPMorgan analyst Harlan Sur raised the price target on Applied Materials (NASDAQ: AMAT) to $515.00 (from $400.00) while maintaining an Overweight 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 $362. The 15 analysts who set a target in the last 3 months range from $470 to $850, with a median of $520. This $515 target is 1% below the median.

Since the note AMAT has moved −18% (from $441). 12-month window: day 182 of 365, closes on May 15, 2027.

Track record

This call✓ Target reached on June 11, 2026, 27 days after the note.

Firm track recordJP Morgan: 64% of its 28 targets at least a year old were reached within 12 months (#22 of 26 firms). Accuracy ranking →

Earnings reactionOne of 18 notes after Applied Materials’s May 14 results: 18 raised · 0 cut · 0 kept. See every call →

JP Morgan on Applied Materials

JP Morgan price targets on Applied Materials

2 calls from May 15, 2026 to November 13, 2026. The target went from $515 to $500 (−3%). The rating stayed Buy.

JP Morgan targetAMAT share price
  1. November 13, 2026Target cut from $515 (−3%)Buy$500
  2. May 15, 2026 This noteEarliest call shownBuy$515
Share

Other analysts on Applied Materials

Morgan StanleyHold Cut price target −6%, kept ratingCut target Nov 13 $507from $538−6% B RileyBuy Raised price target +5%, kept ratingRaised target Nov 13 $500from $475+5% StifelBuy Cut price target −8%, kept ratingCut target Nov 13 $600from $650−8% NeedhamBuy Cut price target −19%, kept ratingCut target Nov 13 $470from $580−19% Wells FargoBuy Cut price target −18%, kept ratingCut target Nov 13 $500from $610−18%
Share on
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.