Barclays has revised its price target for Applied Materials (AMAT, Financial), lowering it from $190 to $160. The analyst at the firm, Tom O'Malley, also reaffirmed an Equal Weight rating for the semiconductor company. This adjustment comes as the firm updates its models for semiconductor and capital equipment sectors, taking into account the impact of tariffs and the ongoing trade tensions as the company approaches its first-quarter earnings report.
In light of these factors, the analyst has chosen to lower the target multiples due to heightened risk associated with China and the consumer sector. Despite these challenges, the reaffirmation of the Equal Weight rating suggests that Barclays sees balanced potential in the company's stock relative to its peers.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 32 analysts, the average target price for Applied Materials Inc (AMAT, Financial) is $204.71 with a high estimate of $250.00 and a low estimate of $164.00. The average target implies an upside of 51.01% from the current price of $135.56. More detailed estimate data can be found on the Applied Materials Inc (AMAT) Forecast page.
Based on the consensus recommendation from 35 brokerage firms, Applied Materials Inc's (AMAT, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Applied Materials Inc (AMAT, Financial) in one year is $168.24, suggesting a upside of 24.11% from the current price of $135.555. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Applied Materials Inc (AMAT) Summary page.
