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Stock impact report

Applied Materials, Inc. (AMAT) a Strong Buy, Per Wall Street [Yahoo! Finance]

Applied Materials, Inc. (AMAT) 
Last applied materials, inc. earnings: 2/12 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
upgraded the stock to Outperform from Neutral, citing increased spending in the U.S, Japan, and Taiwan. The firm also hiked its price target to $370 from $275. This follows Deutsche Bank's adjustment on January 23 when analyst Melissa Weathers upgraded the stock rating to Buy from Hold and also raised the firm's price target to $390 from $275. The bank cited favorable trends concerning wafer fabrication equipment heading into the new year and continuing through 2027. Deutsche Bank also noted that the stock's current valuation appears at a discount in comparison to peers, with the gap likely to narrow in the future. Earlier on January 20, Needham analyst Charles Shi lifted the firm's price target on Applied Materials, Inc. (NASDAQ:AMAT) to $390 from $260, while maintaining a Strong Buy rating on the stock. The adjustment follows the Needham Growth Conference, where presenters reiterated a bullish outlook on the semicap sector, given the surge in demand over the last three month Show less Read more
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