Wells Fargo Applied Materials · AMAT

Wells Fargo Raises Applied Materials Price Target to $715

1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$715
from $520 (+38%)
Outcome
Reached
on June 30, 2026

Wells Fargo’s latest target on Applied Materials is now $500 (Nov 13, 2026); the median of 15 firms is $520. Wells Fargo has reached 67% of its year-old targets (36 scored).

Wells Fargo and Applied Materials logos

What the analyst said

Wells Fargo analyst Joe Quatrochi raised the price target on Applied Materials (NASDAQ: AMAT) to $715.00 (from $520.00) 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 $715 target is 38% above the median.

Since the note AMAT has moved −41% (from $617). 12-month window: day 144 of 365, closes on June 22, 2027.

Track record

This call✓ Target reached on June 30, 2026, 8 days after the note.

Firm track recordWells Fargo: 67% of its 36 targets at least a year old were reached within 12 months (#20 of 26 firms). Accuracy ranking →

Wells Fargo on Applied Materials

Wells Fargo price targets on Applied Materials

6 calls from January 15, 2026 to November 13, 2026. The target went from $350 to $500 (+43%). The rating stayed Buy.

Wells Fargo targetAMAT share price
  1. November 13, 2026Target cut from $740 (−32%)Buy$500
  2. June 26, 2026Target raised from $715 (+3%)Buy$740
  3. June 22, 2026 This noteTarget raised from $520 (+38%)Buy$715
  4. May 15, 2026Target raised from $435 (+20%)Buy$520
  5. February 13, 2026Target raised from $350 (+24%)Buy$435
  6. January 15, 2026Earliest call shownBuy$350
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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% JP MorganBuy Cut price target −24%, kept ratingCut target Nov 13 $500from $660−24% 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%
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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.