- Applied Materials (AMAT, Financial) exceeded earnings expectations despite a slight revenue miss, sparking a 2.7% share price decline.
- Analysts are optimistic, forecasting a potential 15.03% upside in the stock price over the next year.
- Despite a mixed forecast, AMAT maintains an "Outperform" rating from brokers with a consensus recommendation score of 2.0.
Shares of Applied Materials (AMAT) experienced a 2.7% decline after the company released mixed financial results for its fiscal second quarter. The corporation reported adjusted earnings of $2.39 per share, beating analyst predictions of $2.31. However, revenue climbed 6.8% to $7.1 billion, slightly missing the anticipated $7.13 billion mark.
Wall Street Analysts Forecast
According to insights from 32 analysts, the average one-year price target for Applied Materials Inc (AMAT, Financial) stands at $201.02, with projections ranging from a high of $245.00 to a low of $152.00. This average target suggests a promising upside of 15.03% from the current trading price of $174.75. For more comprehensive estimate data, visit the Applied Materials Inc (AMAT) Forecast page.
With evaluations from 35 brokerage firms, Applied Materials Inc (AMAT, Financial) holds an average brokerage recommendation of 2.0, indicative of an "Outperform" status. This rating falls on a scale from 1 to 5, where 1 represents a Strong Buy, and 5 signifies a Sell.
GuruFocus estimates forecast a GF Value for Applied Materials Inc (AMAT, Financial) one year from now at $168.87, implying a potential downside of 3.36% from the current price of $174.75. The GF Value is GuruFocus' calculation of the stock's fair market value, determined by examining historical trading multiples, past business growth, and future performance projections. For further detailed data, refer to the Applied Materials Inc (AMAT) Summary page.
