Morgan Stanley has revised its stance on Applied Mat (AMAT, Financial), upgrading the stock from an "Underweight" to an "Equal-Weight" rating. This change in rating reflects an improved outlook for AMAT within the current market environment.
Despite the upgrade in rating, analyst Joseph Moore from Morgan Stanley has lowered the price target for Applied Mat. The new price target is set at $158.00 USD, down from the previous target of $162.00 USD. This adjustment represents a decrease of approximately 2.47 percent from the prior target.
The adjustment in the price target comes as investors continue to evaluate the future prospects of AMAT, with the rating upgrade signaling a more balanced view on the stock's performance potential in the medium term.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 30 analysts, the average target price for Applied Materials Inc (AMAT, Financial) is $197.34 with a high estimate of $250.00 and a low estimate of $152.00. The average target implies an upside of 17.48% from the current price of $167.98. More detailed estimate data can be found on the Applied Materials Inc (AMAT) Forecast page.
Based on the consensus recommendation from 35 brokerage firms, Applied Materials Inc's (AMAT, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Applied Materials Inc (AMAT, Financial) in one year is $172.20, suggesting a upside of 2.51% from the current price of $167.98. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Applied Materials Inc (AMAT) Summary page.
