Applied Materials (AMAT) Stock: $175 Price Target From DA Davidson

By Amit Chowdhry ● Nov 22, 2021
  • The shares of Applied Materials, Inc. (NASDAQ: AMAT) have received a price target of $175 from DA Davidson. These are the details.

The shares of Applied Materials, Inc. (NASDAQ: AMAT) have received a price target of $175 from DA Davidson. And DA Davidson analyst Thomas Diffely raised the price target from $165 while maintaining a “Buy” rating on the shares.

Applied Materials said that its fourth quarter results and guidance were slightly below consensus expectations amid tougher supply chain disruptions and the component shortage headwinds will continue into next year.

But beyond these challenges, Diffely noted that the underlying demand remains robust with wafer fab spending at record levels and backlog building.

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