Applied Materials (AMAT) : Analyst Rating Update

Applied Materials (AMAT) has an average broker rating of 1.41, which is interpreted as a Strong Buy, as rated by 17 equity analysts. Nonetheless, 13 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.

Applied Materials (AMAT) : The highest short term price target forecast on Applied Materials (AMAT) is $30 and the lowest target price is $17. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $26.25 with a standard deviation of $3.29.

Applied Materials (NASDAQ:AMAT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.62 and $23.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.00, notching a gain of 0.67% for the day. The total traded volume was 9,625,834 . The stock had closed at $23.84 on the previous day.

Also, Goldman Sachs maintains their rating on the shares of Applied Materials (NASDAQ:AMAT). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $27 per share from $25 per share. The rating by the firm was issued on June 2, 2016. The company shares have rallied 28.52% from its 1 Year high price. On Jun 2, 2016, the shares registered one year high at $24.65 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $23.45 and the 200 Day Moving Average price is recorded at $20.17.

Applied Materials, Inc. (Applied) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries. Applied operates in four segments: Silicon Systems Group, Applied Global Services, Display, and Energy and Environmental Solutions. The Silicon Systems Group segment develops, manufactures and sells manufacturing equipment used to fabricate semiconductor chips. The Applied Global Services segment encompasses services, products and integrated solutions to optimize equipment and fab performance and productivity. The Display Segment includes products for manufacturing liquid crystal displays, organic light-emitting diodes and other display technologies for televisions, personal computers, tablets, smartphones and other devices. The Energy and Environmental Solutions segment includes systems for manufacturing wafer-based crystalline silicon cells and modules.

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