Key Takeaways:
- CEO Gary Dickerson invests $6.87 million in Applied Materials stock, acquiring 50,000 shares.
- Analysts predict a 52.37% upside potential with a one-year price target of $207.42.
- Applied Materials maintains an "Outperform" rating with a GF Value estimate suggesting a 23.72% upside.
Applied Materials (AMAT, Financial) made headlines as its President and CEO, Gary Dickerson, significantly boosted his stake in the company. Dickerson purchased approximately $6.87 million worth of shares, totaling 50,000 shares. This investment was made with a weighted average price of $137.29 per share and an additional purchase at $137.70 per share.
Wall Street Analysts' Perspectives
According to data gathered from 32 analysts, the average one-year price target for Applied Materials Inc (AMAT, Financial) is set at $207.42. This target includes a high estimate of $250.00 and a low estimate of $164.00, offering an optimistic upside potential of 52.37% from the current price of $136.13. Investors can explore more detailed estimates on the Applied Materials Inc (AMAT) Forecast page.
Brokerage Recommendations
The consensus among 35 brokerage firms currently positions Applied Materials Inc (AMAT, Financial) with an average brokerage recommendation of 2.0, indicating an "Outperform" status. On the rating scale, 1 signifies a Strong Buy, while 5 denotes Sell.
Understanding GF Value
According to GuruFocus estimates, the GF Value for Applied Materials Inc (AMAT, Financial) stands at $168.43 over the next year. This suggests a potential upside of 23.72% from the current price of $136.13. The GF Value represents GuruFocus' fair value estimate based on historical trading multiples, past business growth, and projections of future performance. In-depth information is accessible on the Applied Materials Inc (AMAT) Summary page.
