In recent stock market developments, Applied Materials (AMAT, Financial) has received notable attention following Citigroup's latest analysis. The firm's analyst, Atif Malik, has maintained a "Buy" rating on AMAT stock, indicating confidence in its future performance.
In a significant update, Citigroup has raised its price target for Applied Materials from USD 190.00 to USD 220.00. This adjustment represents a 15.79% increase, reflecting a more optimistic outlook on the company's valuation.
The analysis and continued "Buy" rating from Citigroup suggest a strong position for AMAT in the current market scenario. Investors are advised to consider these updated findings as they assess their portfolios.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Applied Materials Inc (AMAT, Financial) is $198.59 with a high estimate of $250.00 and a low estimate of $152.00. The average target implies an upside of 4.03% from the current price of $190.90. 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 $173.99, suggesting a downside of 8.86% from the current price of $190.9. 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.
