Morgan Stanley Applied Materials · AMAT

Morgan Stanley Lowers Applied Materials Price Target to $507

Analyst: Shane Brett 1 min read Reproduced verbatim
Rating
Equalweight
Target
$507
from $538 (−6%)
Upside
+41%
AMAT at $360 today

6th-lowest of 15 current targets on Applied Materials, 3% below the $520 median. Morgan Stanley has reached 80% of its year-old targets (51 scored).

Morgan Stanley and Applied Materials logos

What the analyst said

Morgan Stanley analyst Shane Brett lowered the price target on Applied Materials (NASDAQ: AMAT) to $507 (from $538) while maintaining an Equalweight 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 $360. The 15 analysts who set a target in the last 3 months range from $470 to $850, with a median of $520. This $507 target is 3% 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 recordMorgan Stanley: 80% of its 51 targets at least a year old were reached within 12 months (#9 of 26 firms). Accuracy ranking →

Morgan Stanley on Applied Materials

Morgan Stanley price targets on Applied Materials

8 calls from May 4, 2026 to November 13, 2026. The target went from $454 to $507 (+12%). The rating moved from Buy to Hold.

Morgan Stanley targetAMAT share price
  1. November 13, 2026 This noteTarget cut from $538 (−6%)Hold$507
  2. November 3, 2026Target cut from $563 (−4%)Hold$538
  3. September 28, 2026Target cut from $642 (−12%)Hold$563
  4. August 17, 2026Target cut from $647 (−1%)Hold$642
  5. July 6, 2026Target raised from $502 (+29%)Hold$647
  6. May 18, 2026Downgraded to Hold, kept the $502 targetHold$502
  7. May 15, 2026Target raised from $454 (+11%)Buy$502
  8. May 4, 2026Earliest call shownBuy$454
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Other analysts on Applied Materials

B RileyBuy Raised price target +5%, kept ratingRaised target Nov 13 $500from $475+5% JP MorganBuy Cut price target −24%, kept ratingCut target Nov 13 $500from $660−24% 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.