Aug. 13 at 12:52 PM
Analysts raised price targets for Applied Materials
$AMAT ahead of results, citing AI demand; notable firms set targets near
$720 and reiterated positive ratings. Analysts expect Applied Materials to report third-quarter revenue of
$9.00 billion, up from
$7.30 billion in last year’s third quarter.
The company has beaten analyst estimates for revenue in four straight quarters and in nine of the last 10 quarters overall.
The estimate calls for record revenue, surpassing the
$7.91 billion reported in the second quarter by the company.
Source: TradingView/Benzinga
