KeyBanc Raises Price Target for Applied Materials Amid Strong Market Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 01 2026
0mins
Source: Yahoo Finance
Applied Materials Inc (AMAT) reached a 52-week high, rising 6.83% in regular trading.
KeyBanc Capital Markets raised Applied Materials' price target from $550 to $750, based on an updated EPS estimate for 2028 at approximately 31x, highlighting the company's leadership and relative attractiveness in the semiconductor sector. Analysts maintained an 'Overweight' rating, indicating strong market confidence in AMAT's future growth prospects, particularly in DRAM and advanced packaging.
This price target increase reflects the optimism surrounding Applied Materials' role in the AI equipment super-cycle, as the company continues to innovate in chipmaking technologies.
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Analyst Views on AMAT
Wall Street analysts forecast AMAT stock price to fall
22 Analyst Rating
18 Buy
4 Hold
0 Sell
Strong Buy
Current: 592.790
Low
190.00
Averages
288.05
High
425.00
Current: 592.790
Low
190.00
Averages
288.05
High
425.00
About AMAT
Applied Materials, Inc. is a materials engineering solution company. The Company provides equipment, services and software to the semiconductor, display, and related industries. It operates through two segments: Semiconductor Systems and Applied Global Services (AGS). The Semiconductor Systems segment includes semiconductor capital equipment to enable materials engineering steps including etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The AGS segment provides integrated solutions to optimize equipment and fab performance and productivity, including services, spares and factory automation software for semiconductor and other products. Its products include personal computing devices, mobile phones, artificial intelligence (AI) and data center servers, automobiles, connected devices, industrial applications and consumer electronics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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