Brokerage Firm Rating Update on Applied Materials (AMAT)

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 level Applied Materials (AMAT) is projected to reach is $41 for the short term and the lowest estimate is at $17. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $32.3 and the possibility the share price can swing is $5.85.


For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, UBS maintains its rating on Applied Materials (NASDAQ:AMAT).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, UBS raises the new price target from $28.5 per share to $35 per share. The rating by the firm was issued on August 19, 2016.

Applied Materials (NASDAQ:AMAT): stock was range-bound between the intraday low of $29.87 and the intraday high of $30.25 after having opened at $30.03 on Wednesdays session. The stock finally closed in the red at $30.03, a loss of -0.23%. The stock remained in the red for the whole trading day. The total traded volume was 11,248,833 shares. The stock failed to cross $30.25 in Wednesdays trading. The stocks closing price on Thursday was $29.98.

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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