Jul. 8 at 8:47 PM
$AMAT Applied Materials price target raised to
$650 from
$540 at Mizuho
Mizuho raised the firm's price target on Applied Materials to
$650 from
$540 and keeps an Outperform rating on the shares. The firm sees wafer fab equipment estimates in 2027-2029 as AI emand support durable ramps for leadingg edgeg logic and memory. The firm added that it is raising price targets in the space as AI continues to drive leading edge foundry/logic and DRAM demand, while NAND sees upgrade tailwinds.