Evercore Applied Materials · AMAT

Evercore ISI Reiterates Outperform on Applied Materials, $700 Price Target

October 13, 2026 Analyst: Mark Lipacis 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$700
Unchanged
Upside
+57%
AMAT at $447 today
Evercore and Applied Materials logos

What the analyst said

Evercore ISI analyst Mark Lipacis reiterated an Outperform rating and $700 price target on Applied Materials (NASDAQ: AMAT).

“AMAT unveiled its $5bn EPIC Center today, bringing together leading chipmakers (TSMC, Samsung, Intel, Micron, SK hynix and Kioxia) and technology partners (Besi, Advantest, SCREEN and Broadcom) to co-develop next-gen technologies across leading-edge logic, DRAM/HBM and advanced packaging.

EPIC introduces a collaborative R&D model aimed at shortening product cycles and accelerating time to market through earlier engagement and co-innovation.

We believe EPIC could be a strategic differentiator for AMAT, enabling the company to engage with customers much earlier in the technology development cycle, increasing customer stickiness and improving its ability to capture higher-value process steps.”

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Where the price stands

AMAT trades at $447. The 7 analysts who set a target in the last 3 months range from $563 to $710, with a median of $675. This $700 target is 4% above the median.

12-month window: day 1 of 365, closes on October 13, 2027.

Track record

This callOpen: AMAT has not reached $700 yet. This 12-month target is scored on October 13, 2027.

Firm track recordEvercore: 100% of its 6 targets at least a year old were reached within 12 months (#1 of 20 firms). Accuracy ranking →

Evercore on Applied Materials

Evercore price targets on Applied Materials

3 calls from January 26, 2026 to October 13, 2026. The target went from $400 to $700 (+75%). The rating stayed Buy.

Evercore targetAMAT share price
  1. October 13, 2026 This noteKept the $700 targetBuy$700
  2. June 26, 2026Target raised from $400 (+75%)Buy$700
  3. January 26, 2026Earliest call shownBuy$400
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Other analysts on Applied Materials

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 MizuhoBuy Cut price target −9%, kept rating · Aug 25 $590from $650 Morgan StanleyHold Cut price target −1%, kept rating · Aug 17 $642from $646
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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.