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Applied Materials (AMAT) Stock Forecast, Price Target & Predictions

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AMAT Stock Forecast

Applied Materials stock forecast is as follows: an average price target of $226.45 (represents a 29.19% upside from AMAT’s last price of $175.28) and a rating consensus of 'Buy', based on 28 wall street analysts offering a 1-year stock forecast.

AMAT Price Target

The average price target for Applied Materials (AMAT) is $226.45 based on 1-year price targets from 28 Wall Street analysts in the past 3 months, with a price target range of $280.00 to $165.00. This represents a potential 29.19% upside from AMAT's last price of $175.28.

AMAT Analyst Ratings

Buy

According to 28 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' (75.00%), 7 'Hold' (25.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Applied Materials Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 22, 2025Mehdi HosseiniSusquehanna$165.00$198.71-16.96%-5.86%
Nov 15, 2024Chris CasoWolfe Research$230.00$173.0232.93%31.22%
Nov 15, 2024Quinn BoltonNeedham$225.00$172.5430.40%28.37%
Nov 15, 2024Toshiya HariGoldman Sachs$230.00$186.0023.66%31.22%
Nov 15, 2024Mark LipacisEvercore ISI$250.00$186.0034.41%42.63%
Nov 15, 2024Melissa WeathersDeutsche Bank$200.00$186.007.53%14.10%
Oct 15, 2024Srini PajjuriRaymond James$245.00$213.8914.54%39.78%
Sep 20, 2024Vijay RakeshMizuho Securities$225.00$196.7114.38%28.37%
Sep 16, 2024Atif MalikCitigroup$217.00$188.4715.14%23.80%
Aug 16, 2024Charles ShiNeedham$260.00$203.7527.61%48.33%
Aug 16, 2024Joseph MooreMorgan Stanley$224.00$203.759.94%27.80%
Aug 15, 2024Joseph QuatrochiWells Fargo$280.00$209.7233.51%59.74%
Aug 05, 2024Atif MalikCitigroup$240.00$181.8132.01%36.92%
Jun 05, 2024Tom O'MalleyBarclays$225.00$212.226.02%28.37%
May 17, 2024Toshiya HariGoldman Sachs$240.00$213.5612.38%36.92%
May 17, 2024Charles ShiNeedham$240.00$213.5612.38%36.92%
May 17, 2024Craig EllisB.Riley Financial$255.00$214.0319.14%45.48%
May 17, 2024Brian ChinStifel Nicolaus$240.00$214.0312.13%36.92%
May 17, 2024Vijay RakeshMizuho Securities$245.00$214.0314.47%39.78%
May 17, 2024Tammy QiuBerenberg Bank$250.00$214.0316.81%42.63%
May 17, 2024Timothy ArcuriUBS$235.00$214.039.80%34.07%
May 17, 2024Joe QuatrochiWells Fargo$255.00$214.0319.14%45.48%
May 17, 2024Mark LipacisEvercore ISI$260.00$214.0321.48%48.33%
May 16, 2024Mehdi HosseiniSusquehanna$185.00$217.49-14.94%5.55%
May 13, 2024Blayne CurtisJefferies$210.00$209.730.13%19.81%
Apr 11, 2024Melissa WeathersDeutsche Bank$225.00$209.257.53%28.37%
Oct 13, 2023Charles ShiNeedham$180.00$141.1427.53%2.69%
Aug 21, 2023Mehdi HosseiniSusquehanna$128.00$148.77-13.96%-26.97%
Aug 18, 2023Vijay RakeshMizuho Securities$158.00$139.6613.13%-9.86%
May 19, 2023Joseph QuatrochiWells Fargo$150.00$125.6219.41%-14.42%
May 18, 2023Quinn BoltonNeedham$135.00$125.707.40%-22.98%
May 18, 2023Toshiya HariGoldman Sachs$120.00$125.70-4.53%-31.54%
Feb 17, 2023Stacy RagsonBernstein$140.00$114.5022.27%-20.13%
Feb 16, 2023Brian ChinStifel Nicolaus$132.00$119.4610.50%-24.69%
Feb 16, 2023Scott GrahamLoop Capital Markets$125.00$119.464.64%-28.69%
Nov 21, 2022Cowen CowenCowen & Co.$135.00$104.7028.94%-22.98%
Nov 18, 2022Evercore ISI$120.00$105.2813.98%-31.54%
Nov 17, 2022Citigroup$135.00$104.2229.53%-22.98%
Oct 18, 2022Vijay RakeshMizuho Securities$90.00$75.3219.49%-48.65%
Oct 13, 2022Joseph MooreMorgan Stanley$99.00$79.4224.65%-43.52%
Oct 13, 2022Harlan SurJ.P. Morgan$115.00$79.4244.80%-34.39%
Oct 12, 2022Vijay RakeshMizuho Securities$150.00$76.0197.34%-14.42%
Sep 28, 2022Barclays$85.00$84.151.01%-51.51%
Sep 06, 2022Vijay RakeshMizuho Securities$150.00$90.2966.13%-14.42%
Sep 06, 2022Morgan Stanley$109.00$89.6321.61%-37.81%
Aug 22, 2022Citigroup$150.00$102.9045.77%-14.42%
Aug 19, 2022Joseph MooreMorgan Stanley$115.00$104.2010.36%-34.39%
Aug 19, 2022Craig-Hallum$126.00$104.6320.42%-28.12%
Aug 19, 2022D.A. Davidson$155.00$104.5748.23%-11.57%
Aug 19, 2022Deutsche Bank$115.00$105.139.39%-34.39%
Aug 19, 2022Goldman Sachs$109.00$106.382.47%-37.81%
Aug 19, 2022Patrick HoStifel Nicolaus$184.00$108.2769.95%4.97%
Aug 19, 2022Needham$125.00$108.2715.45%-28.69%
Aug 19, 2022Mehdi HosseiniSusquehanna$115.00$108.276.22%-34.39%
Aug 19, 2022Joseph QuatrochiWells Fargo$125.00$108.2715.45%-28.69%
Jul 27, 2022Toshiya HariGoldman Sachs$95.00$101.26-6.18%-45.80%
Jul 25, 2022Barclays$95.00$101.67-6.56%-45.80%
Jul 18, 2022Deutsche Bank$110.00$95.3515.36%-37.24%
Jul 11, 2022Timothy ArcuriUBS$100.00$91.199.66%-42.95%
May 25, 2022Louis MisciosciaDaiwa$120.00$106.6312.54%-31.54%
May 23, 2022Goldman Sachs$133.00$106.4624.93%-24.12%
May 23, 2022Citigroup$160.00$106.4650.29%-8.72%
May 22, 2022Thomas DiffelyD.A. Davidson$170.00$106.4659.68%-3.01%
May 21, 2022Joseph MooreMorgan Stanley$133.00$106.4624.93%-24.12%
May 20, 2022Craig-Hallum$145.00$103.0940.65%-17.28%
May 20, 2022Deutsche Bank$135.00$110.7421.91%-22.98%
May 20, 2022Mizuho Securities$160.00$110.7444.48%-8.72%
May 20, 2022Needham$130.00$110.7417.39%-25.83%
May 16, 2022Craig EllisB.Riley Financial$145.00$110.4831.25%-17.28%
Apr 29, 2022Blayne CurtisBarclays$150.00$114.6330.86%-14.42%
Apr 18, 2022Sidney HoDeutsche Bank$145.00$114.8426.26%-17.28%
Apr 11, 2022Patrick HoStifel Nicolaus$197.00$116.2469.48%12.39%
Mar 11, 2022Patrick HoStifel Nicolaus$190.00$123.6453.67%8.40%
Feb 20, 2022Timothy ArcuriUBS$160.00$133.3519.98%-8.72%
Feb 17, 2022Harlan SurJ.P. Morgan$174.00$136.2227.73%-0.73%
Feb 14, 2022Craig EllisB.Riley Financial$175.00$131.6232.96%-0.16%
Feb 11, 2022Joseph QuatrochiWells Fargo$180.00$132.2536.11%2.69%
Jan 14, 2022Mark LipacisJefferies$197.00$166.7018.18%12.39%
Jan 12, 2022Blayne CurtisBarclays$165.00$159.263.60%-5.86%
Dec 15, 2021Sidney HoDeutsche Bank$180.00$153.3817.36%2.69%
Dec 15, 2021Joseph MooreMorgan Stanley$160.00$153.384.32%-8.72%
Dec 10, 2021Krish SankarCowen & Co.$190.00$152.4624.62%8.40%
Nov 19, 2021Thomas DiffelyD.A. Davidson$175.00$149.5217.04%-0.16%
Nov 19, 2021C J MuseEvercore ISI$185.00$149.5223.73%5.55%
Sep 28, 2021Pierre FerraguNew Street$140.00$132.445.71%-20.13%

The latest Applied Materials stock forecast, released on Jan 22, 2025 by Mehdi Hosseini from Susquehanna, set a price target of $165.00, which represents a -16.96% decrease from the stock price at the time of the forecast ($198.71), and a -5.86% decrease from AMAT last price ($175.28).

Applied Materials Price Target by Period

1M3M12M
# Anlaysts1626
Avg Price Target$165.00$216.67$232.92
Last Closing Price$175.28$175.28$175.28
Upside/Downside-5.86%23.61%32.88%

In the current month, the average price target of Applied Materials stock is $165.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -5.86% decrease as opposed to Applied Materials's last price of $175.28. This month's average price target is down -23.85% compared to last quarter, and down -29.16% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Jan 22, 2025SusquehannaNeutralNeutralHold
Jan 17, 2025Wells FargoOverweightOverweightHold
Jan 17, 2025Goldman SachsBuyBuyHold
Jan 17, 2025BarclaysEqual-WeightEqual-WeightHold
Nov 15, 2024Wolfe ResearchOutperformOutperformHold
Nov 15, 2024NeedhamBuyBuyHold
Nov 15, 2024Goldman SachsBuyBuyHold
Nov 15, 2024Evercore ISIOutperformOutperformHold
Nov 15, 2024Deutsche BankHoldHoldHold
Nov 12, 2024CitigroupBuyBuyHold
Oct 15, 2024Raymond JamesOutperformOutperformHold
Oct 03, 2024Wells FargoBuyBuyHold
Sep 17, 2024Morgan StanleyCautiousCautiousHold
Sep 16, 2024UBSBuyBuyHold
Sep 16, 2024Stifel NicolausUnderperformUnderperformHold
Sep 16, 2024CitigroupBuyBuyHold
Aug 16, 2024Goldman SachsBuyBuyHold
Aug 16, 2024NeedhamBuyBuyHold
Aug 16, 2024KeyBancSector WeightSector WeightHold
Aug 16, 2024Cowen & Co.BuyBuyHold
Aug 16, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Aug 15, 2024Wells FargoOverweightOverweightHold
Aug 15, 2024Raymond JamesOutperformOutperformHold
Aug 15, 2024B. Riley SecuritiesBuyBuyHold
Aug 05, 2024Wells FargoBuyBuyHold
Aug 05, 2024CitigroupBuyBuyHold
Jul 15, 2024Wells FargoBuyBuyHold
Jul 15, 2024SusquehannaUnderperformUnderperformHold
Jun 20, 2024B. RileyBuyBuyHold
Jun 05, 2024SusquehannaUnderperformUnderperformHold
Jun 05, 2024Wells FargoBuyBuyHold
Jun 05, 2024BarclaysUnderweightEqual-WeightUpgrade
May 17, 2024Mizuho SecuritiesBuyBuyHold
May 17, 2024Goldman SachsBuyBuyHold
May 17, 2024Raymond JamesOutperformOutperformHold
May 17, 2024Morgan StanleyEqual-WeightEqual-WeightHold
May 17, 2024KeyBancSector WeightSector WeightHold
May 17, 2024B. RileyBuyBuyHold
May 17, 2024CitigroupBuyBuyHold
May 17, 2024Cowen & Co.BuyBuyHold
May 17, 2024UBSNeutralNeutralHold
May 17, 2024Wells FargoOverweightOverweightHold
May 17, 2024Bank of America SecuritiesBuyBuyHold
May 17, 2024Evercore ISIOutperformOutperformHold
May 16, 2024SusquehannaNeutralNeutralHold
May 15, 2024SusquehannaUnderperformUnderperformHold
May 15, 2024UBSBuyBuyHold
May 13, 2024JefferiesHoldDowngrade
Apr 08, 2024SusquehannaUnderperformUnderperformHold
Apr 08, 2024UBSBuyBuyHold
Apr 08, 2024Cantor FitzgeraldOverweightUpgrade
Mar 05, 2024UBSBuyBuyHold
Mar 05, 2024SusquehannaUnderperformUnderperformHold
Feb 12, 2024NeedhamUnderperformUnderperformHold
Feb 12, 2024Raymond JamesBuyBuyHold
Jan 19, 2024NeedhamUnderperformUnderperformHold
Jan 19, 2024Raymond JamesBuyBuyHold
Oct 13, 2023NeedhamOverweightBuyUpgrade
Aug 21, 2023Goldman SachsBuyBuyHold
Aug 21, 2023SusquehannaNeutralNeutralHold
Aug 18, 2023Mizuho SecuritiesBuyBuyHold
May 19, 2023KeyBancSector WeightSector WeightHold
May 19, 2023Cowen & Co.OutperformOutperformHold
May 19, 2023NeedhamOverweightOverweightHold
May 19, 2023CitigroupBuyBuyHold
May 19, 2023BarclaysUnderweightUnderweightHold
May 18, 2023Goldman SachsBuyBuyHold
May 18, 2023B. RileyBuyBuyHold
May 18, 2023B. Riley SecuritiesBuyBuyHold
May 18, 2023Wells FargoOverweightOverweightHold
May 18, 2023NeedhamBuyBuyHold
Feb 17, 2023NeedhamBuyBuyHold
Feb 17, 2023BernsteinOutperformOutperformHold
Feb 16, 2023Wells FargoOverweightOverweightHold
Feb 16, 2023BarclaysEqual-WeightUnderweightDowngrade
Dec 07, 2022Loop Capital MarketsBuyInitialise
Nov 18, 2022Credit SuisseNeutralDowngrade
Nov 18, 2022Piper SandlerNeutralDowngrade
Nov 18, 2022Mizuho SecuritiesBuyBuyHold
Nov 18, 2022NeedhamBuyBuyHold
Nov 18, 2022Cowen & Co.OutperformOutperformHold
Nov 18, 2022Deutsche BankBuyBuyHold
Nov 18, 2022Craig-HallumBuyBuyHold
Nov 18, 2022Evercore ISIOutperformOutperformHold
Nov 18, 2022Summit Insights GroupBuyUpgrade
Nov 17, 2022CitigroupBuyBuyHold
Oct 21, 2022New StreetBuyUpgrade
Oct 13, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Oct 13, 2022NeedhamBuyBuyHold
Sep 28, 2022BarclaysEqual-WeightEqual-WeightHold
Aug 22, 2022CitigroupBuyBuyHold
Aug 19, 2022Bank of America SecuritiesBuyBuyHold
Aug 19, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Aug 19, 2022Craig-HallumBuyBuyHold
Aug 19, 2022Deutsche BankBuyBuyHold
Aug 19, 2022NeedhamBuyBuyHold
Aug 19, 2022Goldman SachsBuyBuyHold
Aug 19, 2022Wells FargoOverweightOverweightHold
Jul 27, 2022Goldman SachsNeutralNeutralHold
Jul 25, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Jul 25, 2022BarclaysEqual-WeightEqual-WeightHold
Jul 18, 2022Deutsche BankBuyBuyHold
Jul 11, 2022UBSNeutralNeutralHold
Jun 03, 2022J.P. MorganOverweightOverweightHold
May 25, 2022DaiwaOutperformOutperformHold
May 23, 2022Goldman SachsBuyBuyHold
May 23, 2022CitigroupBuyBuyHold
May 20, 2022Craig-HallumBuyBuyHold
May 20, 2022Morgan StanleyEqual-WeightEqual-WeightHold
May 20, 2022Deutsche BankBuyBuyHold
May 20, 2022NeedhamBuyBuyHold
May 16, 2022B. RileyBuyBuyHold
Apr 29, 2022BarclaysEqual-WeightEqual-WeightHold
Apr 19, 2022Deutsche BankBuyBuyHold
Feb 17, 2022UBSNeutralNeutralHold
Feb 14, 2022B. RileyBuyBuyHold
Apr 11, 2021Craig-HallumBuyBuyHold
Apr 05, 2021B. Riley SecuritiesBuyBuyHold
Apr 04, 2021BernsteinOutperformInitialise
Nov 16, 2020Deutsche BankBuyBuyHold
Nov 16, 2020Morgan StanleyEqual-WeightEqual-WeightHold
Nov 16, 2020Wells FargoOverweightOverweightHold

Applied Materials's last stock rating was published by Susquehanna on Jan 22, 2025. The company gave AMAT a "Neutral" rating, the same as its previous rate.

Applied Materials Financial Forecast

Applied Materials Revenue Forecast

Oct 27Jul 27Apr 27Jan 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 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$8.42B$8.44B$8.38B$8.02B$8.05B$7.88B$7.70B$7.57B$7.48B$7.33B$7.23B$7.15B$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$8.91B$8.93B$8.87B$8.49B$8.52B$8.35B$8.15B$8.02B$7.92B$7.76B$7.65B$7.19B$6.99B$6.68B$6.54B$6.86B$6.55B$6.51B$6.77B$7.08B$6.65B$6.46B$6.54B$6.38B$6.57B$6.11B$5.57B$5.13B$4.74B$4.32B
Low Forecast$8.17B$8.19B$8.13B$7.78B$7.81B$7.65B$7.47B$7.34B$7.26B$7.11B$7.01B$7.14B$6.95B$6.68B$6.54B$6.29B$6.51B$5.97B$6.20B$6.49B$6.35B$6.15B$6.23B$6.08B$6.26B$5.83B$5.31B$4.89B$4.52B$4.11B
# Analysts812888814814791718159121577766661212121247
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 27Jul 27Apr 27Jan 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20
# Analysts812888814814791718159121577766661212121247
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$2.60B$2.60B$2.58B$2.47B$2.48B$2.43B$2.37B$2.34B$2.31B$2.26B$2.23B$2.21B$2.15B$2.06B$2.47B$2.00B$2.01B$1.90B$2.24B$2.06B$1.96B$1.90B$2.04B$1.88B$1.93B$1.80B$1.28B$1.51B$1.40B$1.27B
High Forecast$2.75B$2.75B$2.74B$2.62B$2.63B$2.57B$2.51B$2.47B$2.44B$2.39B$2.36B$2.22B$2.16B$2.06B$2.96B$2.12B$2.02B$2.01B$2.69B$2.18B$2.02B$1.96B$2.45B$1.94B$1.99B$1.86B$1.53B$1.56B$1.44B$1.31B
Low Forecast$2.52B$2.52B$2.51B$2.40B$2.41B$2.36B$2.30B$2.27B$2.24B$2.19B$2.16B$2.20B$2.14B$2.06B$1.97B$1.94B$2.01B$1.84B$1.79B$2.00B$1.93B$1.87B$1.63B$1.84B$1.90B$1.77B$1.02B$1.48B$1.37B$1.25B
Surprise %---------------1.03%-0.95%0.91%1.04%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 27Jul 27Apr 27Jan 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20
# Analysts812888814814791718159121577766661212121247
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$2.34B$2.32B$2.30B$2.27B$2.24B$2.16B$2.07B$2.01B$2.00B$1.94B$1.90B$1.89B$1.82B$1.68B$2.12B$1.58B$1.65B$1.44B$1.93B$1.60B$1.44B$1.49B$1.75B$1.55B$1.63B$1.48B$1.03B$1.07B$975.28M$795.45M
High Forecast$2.51B$2.50B$2.48B$2.44B$2.41B$2.32B$2.23B$2.17B$2.15B$2.09B$2.05B$1.90B$1.83B$1.68B$2.55B$1.65B$1.66B$1.55B$2.31B$1.72B$1.50B$1.54B$2.10B$1.56B$1.69B$1.53B$1.24B$1.11B$1.01B$826.51M
Low Forecast$2.24B$2.23B$2.21B$2.18B$2.15B$2.07B$1.99B$1.94B$1.92B$1.86B$1.83B$1.81B$1.77B$1.68B$1.70B$1.50B$1.51B$1.38B$1.54B$1.54B$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%1.07%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 27Jul 27Apr 27Jan 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20
# Analysts812888814814791718159121577766661212121247
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$505.42M$506.52M$503.00M$481.19M$483.34M$473.27M$462.13M$454.49M$448.97M$439.97M$433.75M$429.35M$417.99M$400.76M$394.22M$389.15M$391.61M$369.32M$358.38M$401.49M$388.83M$377.56M$325.80M$373.10M$384.05M$357.58M$281.53M$300.01M$277.31M$252.53M
High Forecast$535.01M$536.17M$532.44M$509.35M$511.63M$500.97M$489.19M$481.09M$475.25M$465.72M$459.13M$431.75M$419.79M$400.76M$473.06M$411.93M$393.41M$390.94M$430.06M$424.99M$400.39M$388.91M$390.96M$384.31M$395.59M$368.33M$337.84M$309.02M$285.64M$260.11M
Low Forecast$490.26M$491.33M$487.91M$466.75M$468.84M$459.07M$448.27M$440.86M$435.51M$426.77M$420.73M$428.75M$417.39M$400.76M$315.37M$377.48M$391.01M$358.24M$286.70M$389.45M$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%1.01%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 27Jul 27Apr 27Jan 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20
# Analysts812888814814791718159121577766661212121247
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$2.82$2.81$2.78$2.74$2.70$2.60$2.50$2.43$2.41$2.34$2.30$2.28$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$3.03$3.02$2.99$2.95$2.91$2.80$2.69$2.62$2.59$2.52$2.47$2.30$2.21$2.03$1.99$2.00$2.00$1.87$1.98$2.08$1.80$1.85$1.98$1.87$2.03$1.84$1.57$1.33$1.22$0.99
Low Forecast$2.71$2.70$2.67$2.64$2.60$2.50$2.40$2.34$2.32$2.25$2.21$2.19$2.14$2.03$1.99$1.81$1.82$1.67$1.77$1.86$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
AEHRAehr Test Systems$10.82$25.00131.05%Buy
ACLSAxcelis$68.61$137.0099.68%Buy
KLICKulicke and Soffa Industries$43.90$65.0048.06%Hold
ENTGEntegris$98.00$140.2943.15%Buy
IPGPIPG Photonics$72.04$100.0038.81%Buy
TERTeradyne$122.05$165.0035.19%Buy
ASMLASML$712.65$943.0032.32%Buy
AMATApplied Materials$175.28$226.4529.19%Buy
LRCXLam Research$75.15$95.2926.80%Buy
KLACKLA$712.97$806.6713.14%Buy
PLABPhotronics$22.82$25.5011.74%Buy

AMAT Forecast FAQ

Is Applied Materials a good buy?

Yes, according to 28 Wall Street analysts, Applied Materials (AMAT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 21 'Buy' recommendations, accounting for 75.00% of AMAT's total ratings.

What is AMAT's price target?

Applied Materials (AMAT) average price target is $226.45 with a range of $165 to $280, implying a 29.19% from its last price of $175.28. The data is based on 28 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 29.19% (from the last price of $175.28 to the average price target of $226.45), up by 59.74% based on the highest stock price target, and down by -5.86% based on the lowest stock price target.

Can Applied Materials stock reach $300?

AMAT's average twelve months analyst stock price target of $226.45 does not support the claim that Applied Materials can reach $300 in the near future.

What is Applied Materials's current price target trend?

1 Wall Street analyst forecast a $165 price target for Applied Materials (AMAT) this month, down -5.86% from its last price of $175.28. Compared to the last 3 and 12 months, the average price target increased by 23.61% and increased by 32.88%, respectively.

What are Applied Materials's analysts' financial forecasts?

Applied Materials's analysts financial forecasts for the fiscal year (Oct 2026) are as follows: average revenue is $31.21B (high $33.04B, low $30.27B), average EBITDA is $9.62B (high $10.19B, low $9.34B), average net income is $8.48B (high $9.12B, low $8.15B), average SG&A $1.87B (high $1.98B, low $1.82B), and average EPS is $10.24 (high $11.02, low $9.84). AMAT's analysts financial forecasts for the fiscal year (Oct 2027) are as follows: average revenue is $33.26B (high $35.2B, low $32.26B), average EBITDA is $10.26B (high $10.86B, low $9.95B), average net income is $9.23B (high $9.93B, low $8.87B), average SG&A $2B (high $2.11B, low $1.94B), and average EPS is $11.15 (high $12, low $10.71).

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 $7.78B by 6.28%. The company's net income was $6.52B, beating the average estimation of $6.23B by 4.79%. Apple's SG&A was $1.44B, missing the average forecast of $1.47B by -1.86%. 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 $2B by 2.93%. Applied Materials's net income was $2.02B, beating the average estimation of $1.58B by 28.04%. The company's SG&A was $483M, beating the average forecast of $389.15M by 24.12%. Lastly, the company's EPS was $2.41, beating the average prediction of $1.9 by 26.55%