Jun. 30 at 11:51 AM
$AMAT Applied Materials price target raised to
$900 from
$575 at Susquehanna
Susquehanna analyst Mehdi Hosseini raised the firm's price target on Applied Materials to
$900 from
$575 and keeps a Positive rating on the shares. The firm updated its model following channel checks suggesting an upward revision to SCE backlog now extending beyond one year, with WFE expected to reach as high as
$300B. Susquehanna is now raising its estmates for 2026 and 2027 and introducing 2028 projections based on WFE of
$250B.
