Applied Materials, Inc. (AMAT) a Strong Buy, Per Wall Street

Applied Materials, Inc. (NASDAQ:AMAT) is among the 12 Most Profitable NASDAQ Stocks to Buy Right Now. On January 27, Mizuho expert Vijay Rakesh upgraded the banal to Outperform from Neutral, citing accrued spending successful the U.S, Japan, and Taiwan. The steadfast besides hiked its terms people to $370 from $275.

This follows Deutsche Bank’s accommodation connected January 23 erstwhile expert Melissa Weathers upgraded the banal standing to Buy from Hold and besides raised the firm’s terms people to $390 from $275.

The slope cited favorable trends concerning wafer fabrication instrumentality heading into the caller twelvemonth and continuing done 2027. Deutsche Bank besides noted that the stock’s existent valuation appears astatine a discount successful examination to peers, with the spread apt to constrictive successful the future.

Earlier connected January 20, Needham expert Charles Shi lifted the firm’s terms people connected Applied Materials, Inc. (NASDAQ:AMAT) to $390 from $260, portion maintaining a Strong Buy standing connected the stock.

The accommodation follows the Needham Growth Conference, wherever presenters reiterated a bullish outlook connected the semicap sector, fixed the surge successful request implicit the past 3 months.

As of the adjacent of concern connected January 30, AMAT is simply a Strong Buy with a one-year mean stock terms people of $338.24, representing an upside of 5%.

Applied Materials, Inc. (NASDAQ:AMAT) is simply a person successful materials engineering solutions engaged successful the proviso of manufacturing equipment, services, and bundle to the semiconductor, display, and related industries.

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Disclosure: None.