Applied Materials Analyst Changes Stance; Check Out Wednesday's Top 5 Downgrades
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 20 2025
0mins
Source: Benzinga
Analyst Downgrades: Several Wall Street analysts have downgraded their ratings on various companies, indicating a shift in market outlook.
Agilon Health Inc.: Bernstein analyst Lance Wilkes downgraded Agilon Health from Outperform to Market Perform, reducing the price target from $4 to $1.4.
General Mills and Others: JP Morgan downgraded General Mills from Neutral to Underweight with a new price target of $45, while other companies like Applied Materials and Goodyear also faced downgrades.
Stock Performance: The shares of the downgraded companies closed lower on the respective days, reflecting the analysts' negative outlooks.
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Analyst Views on AMAT
Wall Street analysts forecast AMAT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMAT is 288.05 USD with a low forecast of 190.00 USD and a high forecast of 425.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
22 Analyst Rating
18 Buy
4 Hold
0 Sell
Strong Buy
Current: 336.750
Low
190.00
Averages
288.05
High
425.00
Current: 336.750
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 in three segments: Semiconductor Systems, Applied Global Services (AGS), and Display. The Semiconductor systems segment designs, develops, manufactures and sells a range of primarily 300 mm equipment used to fabricate semiconductor chips, also referred to as integrated circuits (ICs). The AGS segment provides services, spares and factory automation software to customer fabrication plants globally. The AGS segment also manufactures and sells 200mm and other equipment. The Display segment is comprised primarily of products for manufacturing liquid crystal displays (LCDs), organic light-emitting diodes (OLEDs), and other display technologies for televisions, monitors, laptops, personal computers (PCs), tablets, smartphones, and other consumer-oriented devices.
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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Mizuho Upgrades Applied Materials to Outperform Amid Rising CapEx
- Rating Upgrade: Mizuho Securities upgraded Applied Materials (AMAT) from Neutral to Outperform, anticipating significant benefits from rising capital expenditures in the U.S., Taiwan, and Japan, reflecting optimistic market expectations for semiconductor equipment demand.
- Price Target Increase: Mizuho raised AMAT's price target from $275 to $370, demonstrating confidence in the company's future growth potential, with projected equipment spending growth of 13% in 2026 and 12% in 2027.
- Strong Market Demand: Global wafer fabrication equipment spending is expected to reach $134 billion in 2026 and $150 billion in 2027, primarily driven by Taiwan Semiconductor Manufacturing and Intel, further solidifying AMAT's leadership position in the industry.
- Reduced Impact from China: Analysts noted that while China still accounts for 30% of AMAT's revenue, the accelerating growth of non-China revenues is expected to reduce China's share of the global wafer fabrication equipment market to 23-25% in 2026-2027, alleviating negative impacts on AMAT.
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