Applied Materials (AMAT) Stock Forecast, Price Target & Predictions
AMAT Stock Forecast
Applied Materials stock forecast is as follows: an average price target of $201.30 (represents a 6.81% upside from AMAT’s last price of $188.47) and a rating consensus of 'Buy', based on 27 wall street analysts offering a 1-year stock forecast.
AMAT Price Target
The average price target for Applied Materials (AMAT) is $201.30 based on 1-year price targets from 27 Wall Street analysts in the past 3 months, with a price target range of $280.00 to $115.00. This represents a potential 6.81% upside from AMAT's last price of $188.47.
AMAT Analyst Ratings
According to 27 Wall Street analysts, Applied Materials's rating consensus is 'Buy'. The analyst rating breakdown for AMAT stock is 0 'Strong Buy' (0.00%), 20 'Buy' (74.07%), 7 'Hold' (25.93%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Applied Materials Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 16, 2024 | Charles Shi | Needham | $260.00 | $203.75 | 27.61% | 37.95% |
| Aug 16, 2024 | Joseph Moore | Morgan Stanley | $224.00 | $203.75 | 9.94% | 18.85% |
| Aug 15, 2024 | Joseph Quatrochi | Wells Fargo | $280.00 | $209.72 | 33.51% | 48.56% |
| Aug 05, 2024 | Atif Malik | Citigroup | $240.00 | $181.81 | 32.01% | 27.34% |
| Jun 05, 2024 | Tom O'Malley | Barclays | $225.00 | $212.22 | 6.02% | 19.38% |
| May 17, 2024 | Toshiya Hari | Goldman Sachs | $240.00 | $213.56 | 12.38% | 27.34% |
| May 17, 2024 | Charles Shi | Needham | $240.00 | $213.56 | 12.38% | 27.34% |
| May 17, 2024 | Craig Ellis | B.Riley Financial | $255.00 | $214.03 | 19.14% | 35.30% |
| May 17, 2024 | Brian Chin | Stifel Nicolaus | $240.00 | $214.03 | 12.13% | 27.34% |
| May 17, 2024 | Vijay Rakesh | Mizuho Securities | $245.00 | $214.03 | 14.47% | 29.99% |
The latest Applied Materials stock forecast, released on Aug 16, 2024 by Charles Shi from Needham, set a price target of $260.00, which represents a 27.61% increase from the stock price at the time of the forecast ($203.75), and a 37.95% increase from AMAT last price ($188.47).
Applied Materials Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 4 | 18 |
| Avg Price Target | $242.00 | $251.00 | $236.06 |
| Last Closing Price | $188.47 | $188.47 | $188.47 |
| Upside/Downside | 28.40% | 33.18% | 25.25% |
In the current month, the average price target of Applied Materials stock is $242.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 28.40% increase as opposed to Applied Materials's last price of $188.47. This month's average price target is down -3.59% compared to last quarter, and up 2.52% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 16, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Aug 16, 2024 | Needham | Buy | Buy | Hold |
| Aug 16, 2024 | KeyBanc | Sector Weight | Sector Weight | Hold |
| Aug 16, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Aug 16, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Aug 15, 2024 | B. Riley Securities | Buy | Buy | Hold |
| Aug 15, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Aug 15, 2024 | Raymond James | Outperform | Outperform | Hold |
| Aug 05, 2024 | Wells Fargo | Buy | Buy | Hold |
| Aug 05, 2024 | Citigroup | Buy | Buy | Hold |
Applied Materials's last stock rating was published by Goldman Sachs on Aug 16, 2024. The company gave AMAT a "Buy" rating, the same as its previous rate.
Applied Materials Financial Forecast
Applied Materials Revenue Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $6.71B | - | $6.42B | $6.63B | $6.74B | $6.75B | $6.52B | - | $6.27B | $6.12B | - | - | $5.16B | $4.69B | $4.39B | $3.96B | $4.16B | $3.75B |
| Avg Forecast | $8.07B | $8.60B | $8.38B | $8.24B | $8.12B | $7.92B | $7.73B | $7.49B | $7.22B | $6.95B | $6.68B | $6.54B | $6.48B | $6.52B | $6.15B | $6.39B | $6.69B | $6.45B | $6.27B | $6.35B | $6.19B | $6.38B | $5.94B | $5.41B | $4.98B | $4.60B | $4.19B | $4.09B | $4.09B | $3.68B |
| High Forecast | $8.26B | $8.80B | $8.58B | $8.43B | $8.31B | $8.10B | $7.90B | $7.66B | $7.33B | $6.98B | $6.83B | $6.69B | $6.63B | $6.55B | $6.30B | $6.54B | $6.84B | $6.60B | $6.38B | $6.77B | $6.47B | $6.65B | $6.20B | $5.65B | $5.20B | $4.81B | $4.38B | $4.27B | $4.27B | $3.85B |
| Low Forecast | $7.96B | $8.48B | $8.27B | $8.13B | $8.01B | $7.81B | $7.62B | $7.39B | $7.12B | $6.94B | $6.58B | $6.45B | $6.39B | $6.51B | $6.07B | $6.30B | $6.60B | $6.36B | $6.24B | $6.08B | $6.05B | $6.23B | $5.80B | $5.28B | $4.86B | $4.50B | $4.09B | $3.99B | $3.99B | $3.60B |
| # Analysts | 15 | 8 | 8 | 11 | 15 | 7 | 7 | 10 | 16 | 16 | 8 | 11 | 12 | 15 | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 12 | 12 | 12 | 5 | 5 | 8 | 5 | 5 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | - | 1.04% | 1.04% | 1.01% | 1.05% | 1.04% | - | 1.01% | 0.96% | - | - | 1.04% | 1.02% | 1.05% | 0.97% | 1.02% | 1.02% |
Applied Materials's average Quarter revenue forecast for Apr 24 based on 11 analysts is $6.54B, with a low forecast of $6.45B, and a high forecast of $6.69B. AMAT's average Quarter revenue forecast represents a -2.54% decrease compared to the company's last Quarter revenue of $6.71B (Jan 24).
Applied Materials EBITDA Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 8 | 8 | 11 | 15 | 7 | 7 | 10 | 16 | 16 | 8 | 11 | 12 | 15 | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 12 | 12 | 12 | 5 | 5 | 8 | 5 | 5 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $2.06B | - | $1.80B | $2.04B | $2.14B | $2.13B | $2.03B | - | $2.08B | $2.17B | - | - | $1.40B | $1.40B | $1.20B | $1.03B | $1.16B | $991.00M |
| Avg Forecast | $2.45B | $2.61B | $2.54B | $2.50B | $2.47B | $2.40B | $2.34B | $2.27B | $2.19B | $2.11B | $2.03B | $2.47B | $1.97B | $1.98B | $1.87B | $2.24B | $2.03B | $1.34B | $1.90B | $1.93B | $2.18B | $1.93B | $1.80B | $1.28B | $1.30B | $1.06B | $1.08B | $1.10B | $938.84M | $875.91M |
| High Forecast | $2.51B | $2.67B | $2.60B | $2.56B | $2.52B | $2.46B | $2.40B | $2.33B | $2.22B | $2.12B | $2.07B | $2.96B | $2.01B | $1.99B | $1.91B | $2.69B | $2.08B | $1.60B | $1.94B | $2.05B | $2.61B | $2.02B | $1.88B | $1.53B | $1.56B | $1.27B | $1.30B | $1.31B | $1.13B | $1.05B |
| Low Forecast | $2.42B | $2.57B | $2.51B | $2.47B | $2.43B | $2.37B | $2.31B | $2.24B | $2.16B | $2.11B | $2.00B | $1.97B | $1.94B | $1.98B | $1.84B | $1.79B | $2.00B | $1.07B | $1.89B | $1.85B | $1.74B | $1.89B | $1.76B | $1.02B | $1.04B | $845.31M | $867.83M | $876.59M | $751.07M | $700.73M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | - | 0.97% | 0.91% | 1.05% | 1.59% | 1.07% | - | 0.96% | 1.12% | - | - | 1.07% | 1.32% | 1.11% | 0.94% | 1.23% | 1.13% |
11 analysts predict AMAT's average Quarter EBITDA for Apr 24 to be $2.47B, with a high of $2.96B and a low of $1.97B. This is 19.88% upper than Applied Materials's previous annual EBITDA (Jan 24) of $2.06B.
Applied Materials Net Income Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 8 | 8 | 11 | 15 | 7 | 7 | 10 | 16 | 16 | 8 | 11 | 12 | 15 | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 12 | 12 | 12 | 5 | 5 | 8 | 5 | 5 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $2.02B | - | $1.56B | $1.57B | $1.72B | $1.59B | $1.61B | - | $1.79B | $1.71B | - | - | $1.13B | $1.13B | $841.00M | $755.00M | $892.00M | $698.00M |
| Avg Forecast | $2.40B | $2.40B | $2.32B | $2.26B | $2.24B | $2.17B | $2.09B | $1.99B | $1.88B | $1.82B | $1.69B | $2.12B | $1.59B | $1.66B | $1.45B | $1.93B | $1.61B | $940.68M | $1.49B | $1.59B | $1.72B | $1.64B | $1.48B | $1.03B | $1.05B | $743.62M | $795.16M | $844.04M | $661.26M | $538.37M |
| High Forecast | $2.47B | $2.47B | $2.39B | $2.33B | $2.30B | $2.24B | $2.16B | $2.05B | $1.94B | $1.84B | $1.74B | $2.55B | $1.63B | $1.67B | $1.49B | $2.31B | $1.66B | $1.13B | $1.52B | $1.73B | $2.06B | $1.73B | $1.57B | $1.24B | $1.26B | $892.35M | $954.19M | $1.01B | $793.52M | $646.05M |
| Low Forecast | $2.36B | $2.36B | $2.28B | $2.22B | $2.20B | $2.14B | $2.05B | $1.96B | $1.84B | $1.78B | $1.66B | $1.70B | $1.56B | $1.52B | $1.42B | $1.54B | $1.58B | $752.54M | $1.48B | $1.51B | $1.38B | $1.59B | $1.44B | $826.31M | $842.93M | $594.90M | $636.13M | $675.23M | $529.01M | $430.70M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.27% | - | 1.08% | 0.82% | 1.07% | 1.69% | 1.08% | - | 1.04% | 1.05% | - | - | 1.07% | 1.52% | 1.06% | 0.89% | 1.35% | 1.30% |
Applied Materials's average Quarter net income forecast for Apr 24 is $2.12B, with a range of $1.70B to $2.55B. AMAT's average Quarter net income forecast represents a 5.07% increase compared to the company's last Quarter net income of $2.02B (Jan 24).
Applied Materials SG&A Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 8 | 8 | 11 | 15 | 7 | 7 | 10 | 16 | 16 | 8 | 11 | 12 | 15 | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 12 | 12 | 12 | 5 | 5 | 8 | 5 | 5 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $483.00M | - | $407.00M | $408.00M | $404.00M | $381.00M | $377.00M | - | $333.00M | $310.00M | - | - | $308.00M | $287.00M | $275.00M | $267.00M | $264.00M | $255.00M |
| Avg Forecast | $486.46M | $517.93M | $505.00M | $496.60M | $489.39M | $476.94M | $465.41M | $451.27M | $435.01M | $418.80M | $402.23M | $394.22M | $390.58M | $393.04M | $370.67M | $358.38M | $402.96M | $303.12M | $377.56M | $382.45M | $311.59M | $384.05M | $357.58M | $281.53M | $267.38M | $239.62M | $276.99M | $245.08M | $238.74M | $214.03M |
| High Forecast | $497.72M | $529.91M | $516.69M | $508.09M | $500.72M | $487.97M | $476.18M | $461.71M | $441.69M | $420.61M | $411.53M | $473.06M | $399.61M | $394.85M | $379.25M | $430.06M | $412.28M | $363.74M | $384.18M | $407.78M | $373.91M | $400.91M | $373.29M | $337.84M | $320.85M | $287.55M | $332.39M | $294.09M | $286.48M | $256.83M |
| Low Forecast | $479.67M | $510.69M | $497.95M | $489.66M | $482.56M | $470.28M | $458.91M | $444.97M | $428.93M | $418.20M | $396.61M | $315.37M | $385.12M | $392.44M | $365.50M | $286.70M | $397.33M | $242.50M | $376.20M | $366.50M | $249.27M | $375.10M | $349.25M | $225.22M | $213.90M | $191.70M | $221.59M | $196.06M | $190.99M | $171.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.24% | - | 1.10% | 1.14% | 1.00% | 1.26% | 1.00% | - | 1.07% | 0.81% | - | - | 1.15% | 1.20% | 0.99% | 1.09% | 1.11% | 1.19% |
Applied Materials's average Quarter SG&A projection for Apr 24 is $394.22M, based on 11 Wall Street analysts, with a range of $315.37M to $473.06M. The forecast indicates a -18.38% fall compared to AMAT last annual SG&A of $483.00M (Jan 24).
Applied Materials EPS Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 8 | 8 | 11 | 15 | 7 | 7 | 10 | 16 | 16 | 8 | 11 | 12 | 15 | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 12 | 12 | 12 | 5 | 5 | 8 | 5 | 5 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $2.41 | - | $1.86 | $1.87 | $2.03 | $1.86 | $1.86 | - | $2.02 | $1.91 | - | - | $1.23 | $1.24 | $0.92 | $0.82 | $0.97 | $0.76 |
| Avg Forecast | $2.88 | $2.88 | $2.78 | $2.71 | $2.69 | $2.61 | $2.51 | $2.39 | $2.26 | $2.19 | $2.03 | $1.99 | $1.90 | $1.99 | $1.74 | $1.84 | $1.93 | $1.73 | $1.78 | $1.90 | $1.86 | $1.96 | $1.77 | $1.51 | $1.28 | $1.17 | $0.95 | $0.93 | $0.91 | $0.76 |
| High Forecast | $2.97 | $2.97 | $2.87 | $2.79 | $2.77 | $2.69 | $2.59 | $2.47 | $2.32 | $2.21 | $2.09 | $2.05 | $1.96 | $2.00 | $1.79 | $1.89 | $1.99 | $1.78 | $1.82 | $2.07 | $1.96 | $2.07 | $1.87 | $1.60 | $1.35 | $1.24 | $1.01 | $0.98 | $0.97 | $0.80 |
| Low Forecast | $2.83 | $2.83 | $2.73 | $2.66 | $2.64 | $2.56 | $2.47 | $2.35 | $2.21 | $2.14 | $1.99 | $1.95 | $1.87 | $1.82 | $1.71 | $1.81 | $1.90 | $1.70 | $1.77 | $1.80 | $1.80 | $1.90 | $1.72 | $1.46 | $1.24 | $1.14 | $0.93 | $0.90 | $0.89 | $0.74 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.27% | - | 1.07% | 1.02% | 1.05% | 1.07% | 1.04% | - | 1.09% | 0.98% | - | - | 0.96% | 1.06% | 0.96% | 0.88% | 1.06% | 1.00% |
According to 11 Wall Street analysts, Applied Materials's projected average Quarter EPS for Apr 24 is $1.99, with a low estimate of $1.95 and a high estimate of $2.05. This represents a -17.53% decrease compared to AMAT previous annual EPS of $2.41 (Jan 24).
Applied Materials Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| IPGP | IPG Photonics | $67.67 | $146.00 | 115.75% | Buy |
| AEHR | Aehr Test Systems | $12.94 | $25.00 | 93.20% | Buy |
| KLIC | Kulicke and Soffa Industries | $40.28 | $65.00 | 61.37% | Hold |
| ENTG | Entegris | $110.67 | $148.30 | 34.00% | Buy |
| ACLS | Axcelis | $103.27 | $137.00 | 32.66% | Buy |
| TER | Teradyne | $131.23 | $153.18 | 16.73% | Buy |
| ASML | ASML | $816.36 | $905.67 | 10.94% | Buy |
| LRCX | Lam Research | $769.72 | $832.05 | 8.10% | Buy |
| PLAB | Photronics | $23.65 | $25.50 | 7.82% | Buy |
| AMAT | Applied Materials | $188.47 | $201.30 | 6.81% | Buy |
| KLAC | KLA | $751.50 | $590.28 | -21.45% | Buy |
AMAT Forecast FAQ
Is Applied Materials a good buy?
Yes, according to 27 Wall Street analysts, Applied Materials (AMAT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 20 'Buy' recommendations, accounting for 74.07% of AMAT's total ratings.
What is AMAT's price target?
Applied Materials (AMAT) average price target is $201.3 with a range of $115 to $280, implying a 6.81% from its last price of $188.47. The data is based on 27 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Applied Materials stock go up soon?
According to Wall Street analysts' prediction for AMAT stock, the company can go up by 6.81% (from the last price of $188.47 to the average price target of $201.3), up by 48.56% based on the highest stock price target, and down by -38.98% based on the lowest stock price target.
Can Applied Materials stock reach $300?
AMAT's average twelve months analyst stock price target of $201.3 does not support the claim that Applied Materials can reach $300 in the near future.
What is Applied Materials's current price target trend?
2 Wall Street analysts forecast a $242 price target for Applied Materials (AMAT) this month, up 28.40% from its last price of $188.47. Compared to the last 3 and 12 months, the average price target increased by 33.18% and increased by 25.25%, respectively.
What are Applied Materials's analysts' financial forecasts?
Applied Materials's analysts financial forecasts for the fiscal year (Oct 2025) are as follows: average revenue is $30.35B (high $31B, low $29.93B), average EBITDA is $9.21B (high $9.41B, low $9.08B), average net income is $8.15B (high $8.38B, low $7.99B), average SG&A $1.83B (high $1.87B, low $1.8B), and average EPS is $9.78 (high $10.07, low $9.59). AMAT's analysts financial forecasts for the fiscal year (Oct 2026) are as follows: average revenue is $33.35B (high $34.12B, low $32.88B), average EBITDA is $10.12B (high $10.35B, low $9.98B), average net income is $9.22B (high $9.49B, low $9.05B), average SG&A $2.01B (high $2.06B, low $1.98B), and average EPS is $11.06 (high $11.4, low $10.86).
Did the AMAT's actual financial results beat the analysts' financial forecasts?
Based on Applied Materials's last annual report (Oct 2022), the company's revenue was $25.78B, beating the average analysts forecast of $25.26B by 2.06%. Apple's EBITDA was $8.27B, beating the average prediction of $7.34B by 12.57%. The company's net income was $6.52B, beating the average estimation of $5.74B by 13.59%. Apple's SG&A was $1.44B, beating the average forecast of $1.37B by 4.60%. Lastly, the company's EPS was $7.49, beating the average prediction of $7.27 by 2.99%. In terms of the last quarterly report (Jan 2024), Applied Materials's revenue was $6.71B, beating the average analysts' forecast of $6.48B by 3.45%. The company's EBITDA was $2.06B, beating the average prediction of $1.97B by 4.61%. Applied Materials's net income was $2.02B, beating the average estimation of $1.59B by 27.27%. The company's SG&A was $483M, beating the average forecast of $390.58M by 23.66%. Lastly, the company's EPS was $2.41, beating the average prediction of $1.9 by 26.55%