Applied Materials (AMAT) Stock Forecast, Price Target & Predictions
AMAT Stock Forecast
Applied Materials stock forecast is as follows: an average price target of $199.28 (represents a 13.39% upside from AMAT’s last price of $175.75) 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 $199.28 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 13.39% upside from AMAT's last price of $175.75.
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%), 21 'Buy' (77.78%), 6 'Hold' (22.22%), 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 |
|---|---|---|---|---|---|---|
| Nov 15, 2024 | Chris Caso | Wolfe Research | - | - | 32.93% | 30.87% |
| Nov 15, 2024 | Quinn Bolton | Needham | - | - | 30.40% | 28.02% |
| Nov 15, 2024 | Toshiya Hari | Goldman Sachs | - | - | 23.66% | 30.87% |
| Nov 15, 2024 | Mark Lipacis | Evercore ISI | - | - | 34.41% | 42.25% |
| Nov 15, 2024 | Melissa Weathers | Deutsche Bank | - | - | 7.53% | 13.80% |
| Oct 15, 2024 | Srini Pajjuri | Raymond James | - | - | 14.54% | 39.40% |
| Sep 20, 2024 | Vijay Rakesh | Mizuho Securities | - | - | 14.38% | 28.02% |
| Sep 16, 2024 | Atif Malik | Citigroup | - | - | 15.14% | 23.47% |
| Aug 16, 2024 | Charles Shi | Needham | - | - | 27.61% | 47.94% |
| Aug 16, 2024 | Joseph Moore | Morgan Stanley | - | - | 9.94% | 27.45% |
The latest Applied Materials stock forecast, released on Nov 15, 2024 by Chris Caso from Wolfe Research, set a price target of $230.00, which represents a 32.93% increase from the stock price at the time of the forecast ($173.02), and a 30.87% increase from AMAT last price ($175.75).
Applied Materials Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 5 | 8 | 25 |
| Avg Price Target | $227.00 | $227.75 | $235.64 |
| Last Closing Price | $175.75 | $175.75 | $175.75 |
| Upside/Downside | 29.16% | 29.59% | 34.08% |
In the current month, the average price target of Applied Materials stock is $227.00, according to 5 Wall Street analysts offering twelve months forecast. The average price target represents a 29.16% increase as opposed to Applied Materials's last price of $175.75. This month's average price target is down -0.33% compared to last quarter, and down -3.67% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 15, 2024 | Wolfe Research | Outperform | Outperform | Hold |
| Nov 15, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Oct 15, 2024 | Raymond James | Outperform | Outperform | Hold |
| Oct 03, 2024 | Wells Fargo | Buy | Buy | Hold |
| Sep 17, 2024 | Morgan Stanley | Cautious | Cautious | Hold |
| Sep 16, 2024 | UBS | Buy | Buy | Hold |
| Sep 16, 2024 | Stifel Nicolaus | Underperform | Underperform | Hold |
| Sep 16, 2024 | Citigroup | Buy | Buy | Hold |
| Aug 16, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Aug 16, 2024 | Needham | Buy | Buy | Hold |
Applied Materials's last stock rating was published by Wolfe Research on Nov 15, 2024. The company gave AMAT a "Outperform" rating, the same as its previous rate.
Applied Materials Financial Forecast
Applied Materials Revenue Forecast
| Oct 27 | Jul 27 | Apr 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.71B | - | $6.42B | $6.63B | $6.74B | $6.75B | $6.52B | - | $6.27B | $6.12B | - | - | $5.16B | $4.69B | $4.39B |
| Avg Forecast | $8.58B | $8.59B | $8.53B | $8.31B | $8.22B | $8.04B | $7.84B | $7.64B | $7.58B | $7.42B | $7.29B | $7.17B | $6.96B | $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 |
| High Forecast | $8.84B | $8.85B | $8.78B | $8.56B | $8.47B | $8.28B | $8.08B | $7.87B | $7.81B | $7.64B | $7.51B | $7.21B | $6.99B | $6.68B | $6.54B | $6.68B | $6.55B | $6.34B | $6.58B | $6.89B | $6.65B | $6.46B | $6.54B | $6.38B | $6.57B | $6.11B | $5.57B | $5.13B | $4.74B | $4.32B |
| Low Forecast | $8.55B | $8.56B | $8.50B | $8.28B | $8.19B | $8.01B | $7.81B | $7.61B | $7.55B | $7.39B | $7.26B | $7.16B | $6.95B | $6.68B | $6.54B | $6.46B | $6.51B | $6.13B | $6.37B | $6.66B | $6.35B | $6.15B | $6.23B | $6.08B | $6.26B | $5.83B | $5.31B | $4.89B | $4.52B | $4.11B |
| # Analysts | 12 | 12 | 12 | 12 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 15 | 18 | 15 | 9 | 12 | 15 | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 12 | 12 | 12 | 12 | 4 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | - | 1.04% | 1.04% | 1.01% | 1.05% | 1.04% | - | 1.01% | 0.96% | - | - | 1.04% | 1.02% | 1.05% |
Applied Materials's average Quarter revenue forecast for Apr 24 based on 9 analysts is $6.54B, with a low forecast of $6.54B, and a high forecast of $6.54B. 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
| Oct 27 | Jul 27 | Apr 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 12 | 12 | 12 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 15 | 18 | 15 | 9 | 12 | 15 | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 12 | 12 | 12 | 12 | 4 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.06B | - | $1.80B | $2.04B | $2.14B | $2.13B | $2.03B | - | $2.08B | $2.17B | - | - | $1.40B | $1.40B | $1.20B |
| Avg Forecast | $2.56B | $2.57B | $2.55B | $2.48B | $2.46B | $2.40B | $2.34B | $2.28B | $2.26B | $2.22B | $2.18B | $2.14B | $2.08B | $1.99B | $2.47B | $1.94B | $1.95B | $1.84B | $2.24B | $2.40B | $1.96B | $1.90B | $2.04B | $1.88B | $1.93B | $1.80B | $1.28B | $1.51B | $1.40B | $1.27B |
| High Forecast | $2.64B | $2.64B | $2.62B | $2.56B | $2.53B | $2.47B | $2.41B | $2.35B | $2.33B | $2.28B | $2.24B | $2.16B | $2.09B | $1.99B | $2.96B | $2.00B | $1.96B | $1.89B | $2.69B | $2.88B | $2.02B | $1.96B | $2.45B | $1.94B | $1.99B | $1.86B | $1.53B | $1.56B | $1.44B | $1.31B |
| Low Forecast | $2.55B | $2.56B | $2.54B | $2.47B | $2.45B | $2.39B | $2.33B | $2.27B | $2.26B | $2.21B | $2.17B | $2.14B | $2.08B | $1.99B | $1.97B | $1.93B | $1.95B | $1.83B | $1.79B | $1.92B | $1.93B | $1.87B | $1.63B | $1.84B | $1.90B | $1.77B | $1.02B | $1.48B | $1.37B | $1.25B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | - | 0.98% | 0.91% | 0.89% | 1.09% | 1.07% | - | 1.11% | 1.12% | - | - | 0.92% | 1.00% | 0.94% |
9 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
| Oct 27 | Jul 27 | Apr 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 12 | 12 | 12 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 15 | 18 | 15 | 9 | 12 | 15 | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 12 | 12 | 12 | 12 | 4 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.02B | - | $1.56B | $1.57B | $1.72B | $1.59B | $1.61B | - | $1.79B | $1.71B | - | - | $1.13B | $1.13B | $841.00M |
| Avg Forecast | $2.41B | $2.39B | $2.37B | $2.34B | $2.29B | $2.22B | $2.13B | $2.05B | $2.04B | $1.98B | $1.94B | $1.90B | $1.82B | $1.68B | $2.12B | $1.58B | $1.65B | $1.44B | $1.93B | $1.89B | $1.44B | $1.49B | $1.75B | $1.55B | $1.63B | $1.48B | $1.03B | $1.07B | $975.28M | $795.45M |
| High Forecast | $2.50B | $2.49B | $2.46B | $2.43B | $2.38B | $2.30B | $2.21B | $2.13B | $2.12B | $2.06B | $2.01B | $2.03B | $1.83B | $1.68B | $2.55B | $1.65B | $1.66B | $1.49B | $2.31B | $2.27B | $1.50B | $1.54B | $2.10B | $1.56B | $1.69B | $1.53B | $1.24B | $1.11B | $1.01B | $826.51M |
| Low Forecast | $2.39B | $2.38B | $2.35B | $2.33B | $2.28B | $2.20B | $2.12B | $2.04B | $2.03B | $1.97B | $1.93B | $1.80B | $1.77B | $1.68B | $1.70B | $1.50B | $1.51B | $1.43B | $1.54B | $1.51B | $1.41B | $1.45B | $1.40B | $1.53B | $1.59B | $1.44B | $826.31M | $1.04B | $951.65M | $776.17M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.28% | - | 1.08% | 0.82% | 0.91% | 1.10% | 1.08% | - | 1.16% | 1.05% | - | - | 1.06% | 1.16% | 1.06% |
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
| Oct 27 | Jul 27 | Apr 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 12 | 12 | 12 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 15 | 18 | 15 | 9 | 12 | 15 | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 12 | 12 | 12 | 12 | 4 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $483.00M | - | $407.00M | $408.00M | $404.00M | $381.00M | $377.00M | - | $333.00M | $310.00M | - | - | $308.00M | $287.00M | $275.00M |
| Avg Forecast | $516.86M | $517.56M | $513.71M | $500.84M | $495.10M | $484.22M | $472.40M | $460.01M | $456.68M | $446.99M | $439.21M | $432.16M | $419.52M | $402.23M | $394.22M | $390.58M | $393.04M | $370.67M | $358.38M | $342.75M | $388.83M | $377.56M | $325.80M | $373.10M | $384.05M | $357.58M | $281.53M | $300.01M | $277.31M | $252.53M |
| High Forecast | $532.45M | $533.17M | $529.20M | $515.95M | $510.02M | $498.82M | $486.64M | $473.88M | $470.45M | $460.46M | $452.46M | $434.58M | $421.33M | $402.23M | $473.06M | $402.35M | $394.85M | $381.85M | $430.06M | $411.30M | $400.39M | $388.91M | $390.96M | $384.31M | $395.59M | $368.33M | $337.84M | $309.02M | $285.64M | $260.11M |
| Low Forecast | $514.95M | $515.64M | $511.81M | $498.99M | $493.26M | $482.43M | $470.65M | $458.30M | $454.99M | $445.33M | $437.59M | $431.56M | $418.91M | $402.23M | $315.37M | $389.13M | $392.44M | $369.30M | $286.70M | $274.20M | $382.50M | $370.53M | $260.64M | $366.15M | $376.89M | $350.92M | $225.22M | $294.42M | $272.14M | $247.82M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.24% | - | 1.10% | 1.14% | 1.18% | 0.98% | 1.00% | - | 0.89% | 0.81% | - | - | 1.03% | 1.03% | 1.09% |
Applied Materials's average Quarter SG&A projection for Apr 24 is $394.22M, based on 9 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
| Oct 27 | Jul 27 | Apr 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 12 | 12 | 12 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 15 | 18 | 15 | 9 | 12 | 15 | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 12 | 12 | 12 | 12 | 4 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.41 | - | $1.86 | $1.87 | $2.03 | $1.86 | $1.86 | - | $2.02 | $1.91 | - | - | $1.23 | $1.24 | $0.92 |
| Avg Forecast | $2.91 | $2.89 | $2.86 | $2.83 | $2.77 | $2.68 | $2.57 | $2.48 | $2.46 | $2.39 | $2.34 | $2.30 | $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 |
| High Forecast | $3.02 | $3.00 | $2.97 | $2.94 | $2.88 | $2.78 | $2.67 | $2.57 | $2.56 | $2.49 | $2.43 | $2.45 | $2.21 | $2.03 | $1.99 | $2.00 | $2.00 | $1.81 | $1.91 | $1.94 | $1.80 | $1.85 | $1.98 | $1.87 | $2.03 | $1.84 | $1.57 | $1.33 | $1.22 | $0.99 |
| Low Forecast | $2.89 | $2.88 | $2.84 | $2.81 | $2.75 | $2.66 | $2.56 | $2.46 | $2.45 | $2.38 | $2.33 | $2.18 | $2.14 | $2.03 | $1.99 | $1.81 | $1.82 | $1.73 | $1.83 | $1.92 | $1.69 | $1.74 | $1.86 | $1.84 | $1.91 | $1.73 | $1.47 | $1.25 | $1.14 | $0.93 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.27% | - | 1.07% | 1.02% | 1.05% | 1.07% | 1.04% | - | 1.09% | 0.98% | - | - | 0.96% | 1.06% | 0.96% |
According to 9 Wall Street analysts, Applied Materials's projected average Quarter EPS for Apr 24 is $1.99, with a low estimate of $1.99 and a high estimate of $1.99. 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 |
|---|---|---|---|---|---|
| LRCX | Lam Research | - | - | 788.47% | Buy |
| AEHR | Aehr Test Systems | - | - | 113.68% | Buy |
| ACLS | Axcelis | - | - | 86.95% | Buy |
| IPGP | IPG Photonics | - | - | 64.42% | Buy |
| ASML | ASML | - | - | 45.23% | Buy |
| TER | Teradyne | - | - | 45.17% | Buy |
| ENTG | Entegris | - | - | 36.75% | Buy |
| KLIC | Kulicke and Soffa Industries | - | - | 34.13% | Hold |
| AMAT | Applied Materials | - | - | 13.39% | Buy |
| PLAB | Photronics | - | - | 4.34% | Buy |
| KLAC | KLA | - | - | -2.24% | Buy |