Applied Materials (AMAT) Receives Price Target

Applied Materials (AMAT) : The highest level Applied Materials (AMAT) is projected to reach is $41 for the short term and the lowest estimate is at $17. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $32.3 and the possibility the share price can swing is $5.85.

Applied Materials (AMAT) has an average broker rating of 1.41, which is interpreted as a Strong Buy, as rated by 17 equity analysts. Nonetheless, 13 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.


Also, Equity Analysts at the UBS maintains the rating on Applied Materials (NASDAQ:AMAT). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $28.5 per share to $35 per share. The rating by the firm was issued on August 19, 2016.

Applied Materials (NASDAQ:AMAT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.94 and $29.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.29, notching a gain of 1.51% for the day. The total traded volume was 10,705,194 . The stock had closed at $29.84 on the previous day.

Applied Materials, Inc. (Applied) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries. Applied operates in four segments: Silicon Systems Group, Applied Global Services, Display, and Energy and Environmental Solutions. The Silicon Systems Group segment develops, manufactures and sells manufacturing equipment used to fabricate semiconductor chips. The Applied Global Services segment encompasses services, products and integrated solutions to optimize equipment and fab performance and productivity. The Display Segment includes products for manufacturing liquid crystal displays, organic light-emitting diodes and other display technologies for televisions, personal computers, tablets, smartphones and other devices. The Energy and Environmental Solutions segment includes systems for manufacturing wafer-based crystalline silicon cells and modules.

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