Analysts Upgrade ConocoPhillips Price Target to $132
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 12 2026
0mins
Source: Benzinga
- Price Target Increase: Wells Fargo raised ConocoPhillips' price target from $100 to $132, with analyst Sam Margolin upgrading the stock from Equal-Weight to Overweight, which is expected to drive stock price appreciation and enhance market confidence.
- Significant Boost: Susquehanna increased Applied Materials' price target from $180 to $400, with analyst Mehdi Hosseini upgrading the rating from Neutral to Positive, reflecting optimism about strong demand in the semiconductor industry.
- Rating Adjustment: UBS raised Vista Energy's price target from $50 to $65, with analyst Tasso Vasconcellos upgrading the rating from Neutral to Buy, indicating confidence in the company's future growth potential.
- Price Target Downgrade: Citigroup cut Seadrill's price target from $35 to $32, with analyst Scott Gruber downgrading the rating from Neutral to Sell, signaling concerns about the company's outlook that may lead to decreased investor confidence.
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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: 568.230
Low
190.00
Averages
288.05
High
425.00
Current: 568.230
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.
Applied Materials Launches SENZ Platform for Smart Glasses
- Technological Integration: Applied Materials' SENZ platform integrates waveguide optics, light engines, sensors, and electronic dimming into a single system designed to accelerate the market launch of next-generation smart glasses, significantly enhancing user experience and product design flexibility.
- Market Demand Response: By providing a complete co-optimized solution, the SENZ platform addresses the fragmented supply chains and inconsistent components in the smart glasses market, thereby reducing manufacturing complexity and shortening time-to-market, which is expected to drive market acceptance.
- Strategic Partnerships: The strategic collaboration with GlobalFoundries enables Applied to produce waveguides at scale in Singapore, while the partnership with Qualcomm under the Snapdragon START program further enhances the design and manufacturing capabilities for AI-powered smart glasses.
- Industry Leadership: With its leadership in materials engineering solutions, Applied Materials is committed to advancing AI and the commercialization of next-generation chips, and the launch of the SENZ platform signifies a technological breakthrough in the smart glasses sector, potentially leading industry development.
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- Retail Sales Exceed Expectations: U.S. May retail sales increased by 0.9% month-over-month, surpassing the expected 0.6%, indicating resilient consumer demand that could further stimulate economic growth and influence future monetary policy.
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- FOMC Meeting in Focus: Market participants are closely watching the outcome of the FOMC meeting, where interest rates are expected to remain unchanged, but the guidance from new Chair Kevin Warsh will significantly impact market sentiment.
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Adobe Stock Down 42.6%, Worst Performer in Nasdaq 100
- Poor Stock Performance: Adobe's stock is down 3.0% today, with a year-to-date decline of 42.6%, indicating a significant weakening of the company's market competitiveness, which could impact investor confidence and future financing capabilities.
- Market Dynamics Analysis: As the worst-performing component in the Nasdaq 100, Adobe's struggles reflect the challenges it faces in the current economic environment, potentially leading to downward revisions in market expectations for its future performance.
- Peer Performance Comparison: In contrast to Adobe, Old Dominion Freight Line is down 2.9% today, while Lam Research is up 6.9%, highlighting the varying market responses among companies in the industry, which may influence investor asset allocation decisions.
- Investor Sentiment Fluctuation: Adobe's ongoing decline may prompt investors to reassess its future strategy and market positioning, especially amid intensifying competition, potentially leading to broader market sentiment fluctuations.
See More
Citi Raises Price Targets for Semiconductor Firms Amid NAND Demand Surge
- Price Target Increase: Citi raised the price target for Applied Materials (AMAT) from $550 to $710, forecasting a total revenue growth of 30%/22% in CY27/28, indicating strong confidence in the company's future performance.
- Market Demand Analysis: Citi highlighted a structural increase in NAND equipment demand due to tightening DRAM supply, predicting a 25% growth in equipment spending by 2028, which will accelerate the adoption of complementary technologies and further solidify market positions.
- Company Performance: AMAT shares rose 4% in premarket trading, while KLA and LRCX saw increases of over 3%, reflecting optimistic market sentiment regarding the semiconductor industry's outlook.
- Innovation Driving Growth: Citi analysts believe that ongoing innovations in high-performance NAND technology will deepen reliance on NAND in cloud computing and device applications, thereby driving long-term growth potential for the overall market.
See More
Citi Optimistic on Micron and Applied Materials Outlook
- Micron Earnings Outlook: Citi expects Micron to benefit from 'elevated' gross margins and high memory prices in 2023, with adjusted earnings per share projected at $19.72 and revenue at $34.5 billion for Q3, indicating strong profitability and market demand.
- Price Target Increases: Deutsche Bank raised Micron's price target from $1,000 to $1,500, implying a 47% upside potential, reflecting ongoing concerns about the supply-demand imbalance in memory chips, which is expected to persist into the second half of 2026 and 2027.
- Positive Outlook for Applied Materials: Citi analyst raised Applied Materials' price target from $550 to $710, suggesting a 25% upside potential, as the company is anticipated to benefit from increasing demand for NAND memory equipment, highlighting strong market demand for advanced chip manufacturing.
- Retail Trader Sentiment Shift: While retail sentiment for Micron remains 'bearish', sentiment for Applied Materials has shifted from 'bullish' to 'neutral', reflecting differing market expectations for the two companies, especially as Micron's stock has risen over eightfold and Applied Materials has more than tripled in value over the past 12 months.
See More
Applied Materials Launches SENZ Platform for Smart Glasses
- Technological Integration: Applied Materials' SENZ platform integrates waveguide optics, light engines, sensors, and electronic dimming into a single system designed to accelerate the market launch of next-generation smart glasses, significantly enhancing user experience and product design flexibility.
- Market Demand Response: By providing a complete co-optimized solution, the SENZ platform addresses the fragmented supply chains and inconsistent components in the smart glasses market, thereby reducing manufacturing complexity and shortening time-to-market, which is expected to drive market acceptance.
- Strategic Partnerships: The strategic collaboration with GlobalFoundries enables Applied to produce waveguides at scale in Singapore, while the partnership with Qualcomm under the Snapdragon START program further enhances the design and manufacturing capabilities for AI-powered smart glasses.
- Industry Leadership: With its leadership in materials engineering solutions, Applied Materials is committed to advancing AI and the commercialization of next-generation chips, and the launch of the SENZ platform signifies a technological breakthrough in the smart glasses sector, potentially leading industry development.
See More
Mixed Performance in US Stock Indices, Chipmakers Lead Gains
- Strong Economic Data: US May retail sales rose 0.9% month-over-month, exceeding expectations of 0.6%, indicating resilient consumer demand that could positively impact future spending and economic recovery.
- Housing Market Recovery: Pending home sales in May increased by 3.8% month-over-month, significantly surpassing the expected 0.9%, marking the largest gain in 20 months, suggesting a rebound in the real estate market that may stimulate growth in related sectors.
- Oil Price Volatility: The agreement between the US and Iran to reopen the Strait of Hormuz has driven crude oil prices down to a 3.5-month low, increasing risk-on sentiment in the market, which may lead investors to reassess the risks and returns of energy-related assets.
- FOMC Meeting Focus: The market anticipates that the Federal Reserve will keep interest rates unchanged, but the press conference by new Chair Kevin Warsh will be pivotal, as investors closely watch his outlook on inflation to guide future investment decisions.
See More
U.S. Stocks Rise, Led by Chipmakers Amid Strong Retail Sales
- Strong Market Performance: The S&P 500 index rose by 0.23%, the Dow Jones Industrial Average increased by 0.26%, and the Nasdaq 100 climbed by 0.74%, reflecting market confidence in economic recovery, particularly driven by strong performances from chipmakers.
- Retail Sales Exceed Expectations: U.S. May retail sales increased by 0.9% month-over-month, surpassing the expected 0.6%, indicating resilient consumer demand that could further stimulate economic growth and influence future monetary policy.
- Oil Price Decline Affects Market Sentiment: The agreement between the U.S. and Iran to reopen the Strait of Hormuz has led to crude oil prices dropping to a 3.5-month low, enhancing risk-on sentiment in the markets and contributing to stock gains.
- FOMC Meeting in Focus: Market participants are closely watching the outcome of the FOMC meeting, where interest rates are expected to remain unchanged, but the guidance from new Chair Kevin Warsh will significantly impact market sentiment.
See More
Adobe Stock Down 42.6%, Worst Performer in Nasdaq 100
- Poor Stock Performance: Adobe's stock is down 3.0% today, with a year-to-date decline of 42.6%, indicating a significant weakening of the company's market competitiveness, which could impact investor confidence and future financing capabilities.
- Market Dynamics Analysis: As the worst-performing component in the Nasdaq 100, Adobe's struggles reflect the challenges it faces in the current economic environment, potentially leading to downward revisions in market expectations for its future performance.
- Peer Performance Comparison: In contrast to Adobe, Old Dominion Freight Line is down 2.9% today, while Lam Research is up 6.9%, highlighting the varying market responses among companies in the industry, which may influence investor asset allocation decisions.
- Investor Sentiment Fluctuation: Adobe's ongoing decline may prompt investors to reassess its future strategy and market positioning, especially amid intensifying competition, potentially leading to broader market sentiment fluctuations.
See More
Citi Raises Price Targets for Semiconductor Firms Amid NAND Demand Surge
- Price Target Increase: Citi raised the price target for Applied Materials (AMAT) from $550 to $710, forecasting a total revenue growth of 30%/22% in CY27/28, indicating strong confidence in the company's future performance.
- Market Demand Analysis: Citi highlighted a structural increase in NAND equipment demand due to tightening DRAM supply, predicting a 25% growth in equipment spending by 2028, which will accelerate the adoption of complementary technologies and further solidify market positions.
- Company Performance: AMAT shares rose 4% in premarket trading, while KLA and LRCX saw increases of over 3%, reflecting optimistic market sentiment regarding the semiconductor industry's outlook.
- Innovation Driving Growth: Citi analysts believe that ongoing innovations in high-performance NAND technology will deepen reliance on NAND in cloud computing and device applications, thereby driving long-term growth potential for the overall market.
See More
Citi Optimistic on Micron and Applied Materials Outlook
- Micron Earnings Outlook: Citi expects Micron to benefit from 'elevated' gross margins and high memory prices in 2023, with adjusted earnings per share projected at $19.72 and revenue at $34.5 billion for Q3, indicating strong profitability and market demand.
- Price Target Increases: Deutsche Bank raised Micron's price target from $1,000 to $1,500, implying a 47% upside potential, reflecting ongoing concerns about the supply-demand imbalance in memory chips, which is expected to persist into the second half of 2026 and 2027.
- Positive Outlook for Applied Materials: Citi analyst raised Applied Materials' price target from $550 to $710, suggesting a 25% upside potential, as the company is anticipated to benefit from increasing demand for NAND memory equipment, highlighting strong market demand for advanced chip manufacturing.
- Retail Trader Sentiment Shift: While retail sentiment for Micron remains 'bearish', sentiment for Applied Materials has shifted from 'bullish' to 'neutral', reflecting differing market expectations for the two companies, especially as Micron's stock has risen over eightfold and Applied Materials has more than tripled in value over the past 12 months.
See More
