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Bernstein lowers Applied Materials price target to $600 despite strong AI chip demand.

Analyst Insights
13 Nov 2026, 19:12 WIB
Stuart Mooney
View Source
Bearish
Bernstein lowers Applied Materials price target to $600 despite strong AI chip demand.

Bernstein SocGen Group has reduced its price target for Applied Materials to $600, even though the company reported higher sales and profits in Q4 2026 driven by strong demand for semiconductor services, especially AI chips. Applied Materials posted a profit of $2.72 billion and forecasted quarterly revenue above estimates. The stock traded down 3.58% to $380.95 amid this update. This reflects cautious optimism about the company's future despite solid current performance.

Applied Materials (AMAT) is trading at $379.09 on Pluang as of Nov 13, 2026 19:31 WIB, close to the article's noted price of $380.95 but down only 0.49% on the day. This price remains well below its 52-week high of $723.00 and above the 52-week low of $220.23, highlighting a wide trading range despite recent profit gains. The stock sees a balanced order activity with 56% selling and 44% buying, reflecting mixed investor sentiment amid the cautious outlook.

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