KeyBanc Raises Price Targets for AMAT and MKS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 29 2026
0mins
Source: seekingalpha
- Price Target Increase: 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.
- MKS Price Target Boost: MKS's price target was similarly increased from $360 to $475, with analysts noting its relative valuation discount and unique opportunities in advanced packaging and NAND upgrades, which are expected to accelerate EPS growth.
- Investment Rating Maintained: KeyBanc analysts reiterated their 'Overweight' rating on both AMAT and MKS, emphasizing AMAT's more attractive relative valuation, indicating strong market confidence in its future growth prospects.
- Optimistic Market Outlook: Applied Materials' event focuses on DRAM and advanced packaging, with analysts believing that the complexity in these areas will drive the next growth phase, further solidifying its position in the AI equipment super-cycle.
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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: 603.040
Low
190.00
Averages
288.05
High
425.00
Current: 603.040
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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See More
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