Erste Group Downgrades Applied Materials to Hold
Rating
Hold
Price target
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Previous
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Upside at publication
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Erste Group analyst Hans Engel downgraded Applied Materials (AMAT) from Buy to Hold on August 5, 2026.
“Advances in AI are driving massive investments in advanced semiconductors, state-of-the-art DRAM (including high-speed memory), and the latest technologies.
AMAT supplies the production equipment for these technologies and benefits from this trend.
However, revenue and profit growth this year are lower than the sector average.
The stock’s P/E ratio, on the other hand, is higher.
The potential for further gains in the stock price is therefore limited.”
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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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