Applied Materials is initiated at a Buy rating with a price target of $583.80, suggesting a 55% potential upside. The company's growth is driven by its leadership in technology and margin expansion, benefiting from strong AI-driven demand in advanced logic chips, DRAM, and packaging. Its Q3 results showed impressive 25% revenue growth and 41% EPS growth, with Q4 guidance indicating even higher growth rates of 51% revenue and 85% EPS year-over-year. Risks include exposure to China, customer concentration, cyclical equipment demand, and the need for ongoing R&D investment to maintain its competitive edge.
Applied Materials shares trade at USD 377.24 on Pluang as of Oct 24, 2026 15:02 WIB, showing a modest 0.44% gain for the day. The stock's market cap stands at $298.06 billion, reflecting its significant presence in the technology sector. Despite a 63% sell order activity on Pluang, the company continues to attract attention amid strong AI-driven demand in semiconductor equipment.
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