Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Applied Materials to $185 from $160 and keeps a Neutral rating on the shares. The firm expects an in-line report with an in-line guide and encourages investors to focus on 2025 and prospects of upside to $110B WFE expectations, driven by additional wafer capacity spend and which is to be added to the backlog in the 2H24 time frame.
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