What the analyst said

JPMorgan analyst Harlan Sur lowered the price target on Applied Materials (NASDAQ: AMAT) to $500 (from $660) while maintaining an Overweight rating.

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Where the price stands

AMAT trades at $360. The 15 analysts who set a target in the last 3 months range from $470 to $850, with a median of $520. This $500 target is 4% below the median.

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 recordJP Morgan: 64% of its 28 targets at least a year old were reached within 12 months (#22 of 26 firms). Accuracy ranking →

JP Morgan on Applied Materials

JP Morgan price targets on Applied Materials

2 calls from May 15, 2026 to November 13, 2026. The target went from $515 to $500 (−3%). The rating stayed Buy.

JP Morgan targetAMAT share price
  1. November 13, 2026 This noteTarget cut from $515 (−3%)Buy$500
  2. May 15, 2026Earliest call shownBuy$515
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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% 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% Wells FargoBuy Cut price target −18%, kept ratingCut target Nov 13 $500from $610−18%
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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.