What is the analyst consensus rating for AMAT?

The analyst consensus rating for AMAT is "Buy" based on 31 analyst recommendations.

What is the average price target for AMAT?

The average 12-month price target for AMAT is $429.84, representing an upside of 23.4% from the current price of $348.47.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.

Applied Materials, Inc. (AMAT) Forecast: Analyst Ratings & Targets

Latest AMAT Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Feb 25, 2026	Shane Brett	Morgan Stanley	Maintains	Buy	$420.00 → $432.00 +12.00 (2.9%)
Feb 24, 2026	Shane Brett CFA	Morgan Stanley	Maintains	Buy	$420.00 → $432.00 +12.00 (2.9%)
Feb 17, 2026	Tom O'Malley	Barclays	Maintains	Buy	$360.00 → $450.00 +90.00 (25.0%)
Feb 13, 2026	Leon Chen	KGI	Downgrades	Buy	$425.00
Feb 13, 2026	Brian Chin	Stifel Nicolaus	Maintains	Buy	$340.00 → $450.00 +110.00 (32.4%)
Feb 13, 2026	Christian Schwab	Craig-Hallum	Downgrades	Buy	$190.00 → $450.00 +260.00 (136.8%)
Feb 13, 2026	Steve Barger	Keybanc	Maintains	Buy	$380.00 → $450.00 +70.00 (18.4%)
Feb 13, 2026	C J Muse	Cantor Fitzgerald	Maintains	Buy	$425.00 → $470.00 +45.00 (10.6%)
Feb 13, 2026	Brian Chin	Stifel	Maintains	Strong Buy	$340.00 → $450.00 +110.00 (32.4%)
Feb 13, 2026	Jed Dorsheimer	William Blair	Maintains	Hold	-
Feb 13, 2026	Vijay Rakesh	Mizuho	Maintains	Buy	$370.00 → $410.00 +40.00 (10.8%)
Feb 13, 2026	Melissa Weathers	Deutsche Bank	Reiterates	Buy	$390.00 → $450.00 +60.00 (15.4%)
Feb 13, 2026	Steve Barger	KeyBanc	Maintains	Buy	$380.00 → $450.00 +70.00 (18.4%)
Feb 13, 2026	Stacy Rasgon	Bernstein	Maintains	Buy	$390.00 → $425.00 +35.00 (9.0%)
Feb 13, 2026	Krish Sankar	TD Cowen	Maintains	Strong Buy	$315.00 → $450.00 +135.00 (42.9%)
Feb 13, 2026	James Schneider	Goldman Sachs	Maintains	Strong Buy	$310.00 → $390.00 +80.00 (25.8%)
Feb 13, 2026	Vivek Arya	BofA Securities	Maintains	Buy	-
Feb 13, 2026	Harlan Sur	JP Morgan	Maintains	Buy	$260.00 → $400.00 +140.00 (53.9%)
Feb 13, 2026	Timothy Arcuri	UBS	Maintains	Buy	$405.00 → $430.00 +25.00 (6.2%)
Feb 13, 2026	Atif Malik	Citi	Maintains	Strong Buy	$400.00 → $420.00 +20.00 (5.0%)
Feb 13, 2026	Joe Quatrochi	Wells Fargo	Maintains	Buy	$350.00 → $435.00 +85.00 (24.3%)
Feb 13, 2026	Craig Ellis	B Riley	Reiterates	Strong Buy	$400.00 → $450.00 +50.00 (12.5%)
Feb 13, 2026	Charles Shi	Needham	Maintains	Strong Buy	$390.00 → $440.00 +50.00 (12.8%)
Feb 13, 2026	Shane Brett CFA	Morgan Stanley	Maintains	Buy	$364.00 → $420.00 +56.00 (15.4%)
Feb 12, 2026	Kinngai Chan	Summit Insights	Downgrades	Buy	-
Feb 12, 2026	Ling Lee Keng	DBS	Maintains	Buy	$426.40
Feb 12, 2026	Joseph Quatrochi	Wells Fargo	Maintains	Buy	$350.00 → $435.00 +85.00 (24.3%)
Feb 12, 2026	Srini Pajjuri	RBC Capital	Maintains	Buy	$385.00 → $430.00 +45.00 (11.7%)
Feb 12, 2026	Mark Lipacis	Evercore ISI Group	Maintains	Buy	$290.00 → $400.00 +110.00 (37.9%)
Feb 10, 2026	Srini Pajjuri	RBC Capital	Reiterates	Buy	$385.00 → $385.00 +0.00 (0.0%)
Feb 4, 2026	Atif Malik	Citi	Maintains	Strong Buy	$250.00 → $400.00 +150.00 (60.0%)
Feb 2, 2026	Shane Brett	Morgan Stanley	Maintains	Buy	$273.00 → $364.00 +91.00 (33.3%)
Jan 28, 2026	Vijay Rakesh	Mizuho	Upgrades	Buy	$275.00 → $370.00 +95.00 (34.5%)
Jan 23, 2026	Melissa Weathers	Deutsche Bank	Upgrades	Strong Buy	$275.00 → $390.00 +115.00 (41.8%)
Jan 21, 2026	Stacy Rasgon	Bernstein	Maintains	Buy	$325.00
Jan 21, 2026	Harlan Sur	JP Morgan	Maintains	Buy	-
Jan 20, 2026	Charles Shi	Needham	Maintains	Strong Buy	$260.00 → $390.00 +130.00 (50.0%)
Jan 16, 2026	Steve Barger	Keybanc	Maintains	Buy	$285.00 → $380.00 +95.00 (33.3%)
Jan 16, 2026	Steve Barger	KeyBanc	Maintains	Buy	$285.00 → $380.00 +95.00 (33.3%)
Jan 16, 2026	Thomas O'Malley	Barclays	Downgrades	Buy	$250.00 → $360.00 +110.00 (44.0%)
Jan 15, 2026	Tom O'Malley	Barclays	Upgrades	Buy	$250.00 → $360.00 +110.00 (44.0%)
Jan 15, 2026	Joe Quatrochi	Wells Fargo	Maintains	Buy	$290.00 → $350.00 +60.00 (20.7%)
Jan 15, 2026	Craig Ellis	B Riley	Maintains	Buy	$305.00 → $365.00 +60.00 (19.7%)
Jan 15, 2026	Srini Pajjuri	RBC Capital	Initiates	Buy	$385.00
Jan 14, 2026	Brian Chin	Stifel Nicolaus	Downgrades	Buy	$250.00 → $340.00 +90.00 (36.0%)
Jan 14, 2026	Brian Chin	Stifel	Maintains	Strong Buy	$250.00 → $340.00 +90.00 (36.0%)
Jan 14, 2026	Srini Pajjuri	RBC Capital	Initiates	Buy	$385.00
Jan 13, 2026	Vivek Arya	BofA Securities	Maintains	Strong Buy	$300.00 → $350.00 +50.00 (16.7%)
Jan 12, 2026	Mehdi Hosseini	Susquehanna	Upgrades	Buy	$180.00 → $400.00 +220.00 (122.2%)
Jan 11, 2026	Mehdi Hosseini	Susquehanna	Downgrades	Buy	$180.00 → $400.00 +220.00 (122.2%)
Jan 9, 2026	Vijay Rakesh	Mizuho	Maintains	Buy	$245.00 → $275.00 +30.00 (12.2%)
Jan 9, 2026	Stacy Rasgon	Bernstein	Maintains	Buy	$260.00
Jan 9, 2026	James Schneider	Goldman Sachs	Maintains	Buy	$250.00 → $310.00 +60.00 (24.0%)
Jan 8, 2026	C.J. Muse	Cantor Fitzgerald	Maintains	Buy	$350.00 → $425.00 +75.00 (21.4%)

Shane Brett

Morgan Stanley

BuyMaintains

$420.00 → $432.00

Feb 25

Shane Brett CFA

Morgan Stanley

BuyMaintains

$420.00 → $432.00

Feb 24

Tom O'Malley

Barclays

BuyMaintains

$360.00 → $450.00

Feb 17

Leon Chen

KGI

BuyDowngrades

$425.00

Feb 13

Brian Chin

Stifel Nicolaus

BuyMaintains

$340.00 → $450.00

Feb 13

Christian Schwab

Craig-Hallum

BuyDowngrades

$190.00 → $450.00

Feb 13

Steve Barger

Keybanc

BuyMaintains

$380.00 → $450.00

Feb 13

C J Muse

Cantor Fitzgerald

BuyMaintains

$425.00 → $470.00

Feb 13

Brian Chin

Stifel

Strong BuyMaintains

$340.00 → $450.00

Feb 13

Jed Dorsheimer

William Blair

HoldMaintains

Feb 13

Vijay Rakesh

Mizuho

BuyMaintains

$370.00 → $410.00

Feb 13

Melissa Weathers

Deutsche Bank

BuyReiterates

$390.00 → $450.00

Feb 13

Steve Barger

KeyBanc

BuyMaintains

$380.00 → $450.00

Feb 13

Stacy Rasgon

Bernstein

BuyMaintains

$390.00 → $425.00

Feb 13

Krish Sankar

TD Cowen

Strong BuyMaintains

$315.00 → $450.00

Feb 13

James Schneider

Goldman Sachs

Strong BuyMaintains

$310.00 → $390.00

Feb 13

Vivek Arya

BofA Securities

BuyMaintains

Feb 13

Harlan Sur

JP Morgan

BuyMaintains

$260.00 → $400.00

Feb 13

Timothy Arcuri

UBS

BuyMaintains

$405.00 → $430.00

Feb 13

Atif Malik

Citi

Strong BuyMaintains

$400.00 → $420.00

Feb 13

Joe Quatrochi

Wells Fargo

BuyMaintains

$350.00 → $435.00

Feb 13

Craig Ellis

B Riley

Strong BuyReiterates

$400.00 → $450.00

Feb 13

Charles Shi

Needham

Strong BuyMaintains

$390.00 → $440.00

Feb 13

Shane Brett CFA

Morgan Stanley

BuyMaintains

$364.00 → $420.00

Feb 13

Kinngai Chan

Summit Insights

BuyDowngrades

Feb 12

Ling Lee Keng

DBS

BuyMaintains

$426.40

Feb 12

Joseph Quatrochi

Wells Fargo

BuyMaintains

$350.00 → $435.00

Feb 12

Srini Pajjuri

RBC Capital

BuyMaintains

$385.00 → $430.00

Feb 12

Mark Lipacis

Evercore ISI Group

BuyMaintains

$290.00 → $400.00

Feb 12

Srini Pajjuri

RBC Capital

BuyReiterates

$385.00 → $385.00

Feb 10

Atif Malik

Citi

Strong BuyMaintains

$250.00 → $400.00

Feb 4

Shane Brett

Morgan Stanley

BuyMaintains

$273.00 → $364.00

Feb 2

Vijay Rakesh

Mizuho

BuyUpgrades

$275.00 → $370.00

Jan 28

Melissa Weathers

Deutsche Bank

Strong BuyUpgrades

$275.00 → $390.00

Jan 23

Stacy Rasgon

Bernstein

BuyMaintains

$325.00

Jan 21

Harlan Sur

JP Morgan

BuyMaintains

Jan 21

Charles Shi

Needham

Strong BuyMaintains

$260.00 → $390.00

Jan 20

Steve Barger

Keybanc

BuyMaintains

$285.00 → $380.00

Jan 16

Steve Barger

KeyBanc

BuyMaintains

$285.00 → $380.00

Jan 16

Thomas O'Malley

Barclays

BuyDowngrades

$250.00 → $360.00

Jan 16

Tom O'Malley

Barclays

BuyUpgrades

$250.00 → $360.00

Jan 15

Joe Quatrochi

Wells Fargo

BuyMaintains

$290.00 → $350.00

Jan 15

Craig Ellis

B Riley

BuyMaintains

$305.00 → $365.00

Jan 15

Srini Pajjuri

RBC Capital

BuyInitiates

$385.00

Jan 15

Brian Chin

Stifel Nicolaus

BuyDowngrades

$250.00 → $340.00

Jan 14

Brian Chin

Stifel

Strong BuyMaintains

$250.00 → $340.00

Jan 14

Srini Pajjuri

RBC Capital

BuyInitiates

$385.00

Jan 14

Vivek Arya

BofA Securities

Strong BuyMaintains

$300.00 → $350.00

Jan 13

Mehdi Hosseini

Susquehanna

BuyUpgrades

$180.00 → $400.00

Jan 12

Mehdi Hosseini

Susquehanna

BuyDowngrades

$180.00 → $400.00

Jan 11

Vijay Rakesh

Mizuho

BuyMaintains

$245.00 → $275.00

Jan 9

Stacy Rasgon

Bernstein

BuyMaintains

$260.00

Jan 9

James Schneider

Goldman Sachs

BuyMaintains

$250.00 → $310.00

Jan 9

C.J. Muse

Cantor Fitzgerald

BuyMaintains

$350.00 → $425.00

Jan 8

Applied Materials, Inc. (AMAT) Analyst Forecast

Analyst Consensus Rating

Consensus Rating

Average Price Target

Latest AMAT Analyst Ratings & Recommendations

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