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Up 77% in the Past Year, This Analyst Says More Upside Is Still in Store for Applied Materials Stock [Yahoo! Finance]

Advanced Micro Devices, Inc. (AMD) 
Last advanced micro devices, inc. earnings: 4/28 04:25 pm Check Earnings Report
US:NYSE Investor Relations: ir.amd.com/investor-overview
Company Research Source: Yahoo! Finance
Analyst Vijay Rakesh raised AMAT stock's rating from “Neutral” to “Outperform” and hiked the price target from $275 to $370, implying potential upside of about 15% from current prices. This upgrade was based on the analyst's view of “significant acceleration” in wafer fabrication equipment (WFE) spending through 2027. Mizuho projects WFE expenses to rise 13% year-over-year (YOY) this year and climb by 12% in 2027. Silver Price Predictions: Why JPMorgan Warns Silver Will Crash Back to $50 in 2026 PayPal Reports Q4 Earnings on Feb. 3. Why You Should Press Pause on PYPL Stock For Now. Can AMD's Q4 Earnings Report Push the Stock to New Highs? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Applied Materials generates a significant portion of its topline from foundry and logic customers. This business segment is expected to benefit from incr Show less Read more
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