Applied Materials (AMAT) Receives ‘Analyst’ Rating

Applied Materials (AMAT) : Zacks Investment Research ranks Applied Materials (AMAT) as 2, which is a Buy recommendation. 13 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 1.41, which indicates as a Strong Buy.

Applied Materials (AMAT) : The consensus price target for Applied Materials (AMAT) is $32.3 for the short term with a standard deviation of $5.85. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $41, however, the pessimist price target for the company is $17.


Also, Major Brokerage house, UBS maintains its ratings on Applied Materials (NASDAQ:AMAT). In the latest research report, UBS raises the target price from $28.5 per share to $35 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 19, 2016.

Applied Materials (NASDAQ:AMAT): After opening at $29.58, the stock dipped to an intraday low of $29.52 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $30.385 and the buying power remained strong till the end. The stock closed at $30.15 for the day, a gain of 2.45% for the day session. The total traded volume was 15,579,797. The stocks close on the previous trading day was $29.43.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.