What the analyst said

TD Cowen analyst Krish Sankar lowered the price target on Applied Materials (NASDAQ: AMAT) to $500 (from $700) while maintaining a Buy 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.

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Where the price stands

AMAT trades at $381. The 7 analysts who set a target in the last 3 months range from $500 to $850, with a median of $695. This $500 target is 28% below the median, the lowest on the Street.

12-month window: day 0 of 365, closes on November 13, 2027.

Track record

This callOpen: a 12-month target, scored on November 13, 2027, a year after the note.

Firm track recordTD Cowen: 82% of its 38 targets at least a year old were reached within 12 months (#7 of 26 firms). Accuracy ranking →

TD Cowen on Applied Materials

TD Cowen price targets on Applied Materials

4 calls from February 13, 2026 to November 13, 2026. The target went from $450 to $500 (+11%). The rating stayed Buy.

TD Cowen targetAMAT share price
  1. November 13, 2026 This noteTarget cut from $700 (−29%)Buy$500
  2. July 9, 2026Target raised from $525 (+33%)Buy$700
  3. May 15, 2026Target raised from $450 (+17%)Buy$525
  4. February 13, 2026Earliest call shownBuy$450
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Other analysts on Applied Materials

Morgan StanleyHold Cut price target −4%, kept ratingCut target Nov 3 $538from $563−4% CantorBuy Kept rating and price targetReiterated Oct 20 $850maintained EvercoreBuy Kept rating and price targetReiterated Oct 13 $700maintained Morgan StanleyHold Raised price target +22%, kept ratingRaised target Sep 28 $563from $462+22% CitiBuy Kept rating and price targetReiterated Sep 8 $710maintained
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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.