Stifel lowered the firm’s price target on Applied Materials (AMAT) to $235 from $250 and keeps a Buy rating on the shares. The firm is trimming estimates ahead of Applied Materials’ fiscal Q1 report due on February 13. However, the firm, which believes the market “remains skeptical,” argues that at the current valuation compared to its downwardly revised calendar year 2026 EPS estimate, the stock is “already under-priced relative to peers,” the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMAT:
- Is AMAT a Buy, Before Earnings?
- Options Volatility and Implied Earnings Moves This Week, February 10 – February 14, 2025
- Applied Materials price target raised to $165 from $155 at Susquehanna
- Salesforce upgraded, Southwest downgraded: Wall Street’s top analyst calls
- Analyst Pounds the Table on Applied Materials (AMAT) Stock