May. 27 at 10:59 AM
$AMAT Applied Materials price target raised to
$540 from
$500 at Mizuho
Mizuho analyst Vijay Rakesh raised the firm's price target on Applied Materials to
$540 from
$500 and keeps an Outperform rating on the shares. Mizuho upped its wafter fab equipment spending estimate for 2026 to
$153B from
$142B and for 2027 to
$190B from
$163B. With an improving outlook, the current earnings estimates for Lam Research, Applied Materials, and MKS earnings are underestimated, the analyst tells investors in a research note. The wafer fab equipment space continues to benefit from NAND node transitions, TSMC spending, and DRAM and high bandwidth memory pricing strength, contends Mizuho.
