Wells Fargo Applied Materials · AMAT

Wells Fargo Raises Applied Materials Price Target to $740

Analyst: Joe Quatrochi 1 min read Reproduced verbatim
Rating
Overweight
Target
$740
from $715 (+3%)
Upside
+90%
AMAT at $390 today
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 $740.00 (from $715.00) 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 $390. The 8 analysts who set a target in the last 3 months range from $563 to $850, with a median of $685. This $740 target is 8% above the median.

Since the note AMAT has moved −42% (from $668). 12-month window: day 127 of 365, closes on June 26, 2027.

Track record

This callOpen: AMAT has not reached $740 yet. This 12-month target is scored on June 26, 2027.

Firm track recordWells Fargo: 68% of its 28 targets at least a year old were reached within 12 months (#19 of 21 firms). Accuracy ranking →

Wells Fargo on Applied Materials

Wells Fargo price targets on Applied Materials

5 calls from January 15, 2026 to June 26, 2026. The target went from $350 to $740 (+111%). The rating stayed Buy.

Wells Fargo targetAMAT share price
  1. June 26, 2026 This noteTarget raised from $715 (+3%)Buy$740
  2. June 22, 2026Target raised from $520 (+38%)Buy$715
  3. May 15, 2026Target raised from $435 (+20%)Buy$520
  4. February 13, 2026Target raised from $350 (+24%)Buy$435
  5. January 15, 2026Earliest call shownBuy$350
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Other analysts on Applied Materials

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 CitiBuy Kept rating and price target Sep 8 $710maintained 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.