Morgan Stanley Raises its Price Target on Applied Materials, Inc. (AMAT) to $420 and Keeps an Overweight Rating

NodeGuardian · 2026-03-05T12:12:20+00:00

Morgan Stanley raised its price target on Applied Materials to $420, maintaining an Overweight rating after strong earnings and positive outlook. RBC Capital and Goldman Sachs also increased targets, highlighting growth in the semiconductor sector driven by AI investments.

NodeGuardian

2026-03-05 12:12:20

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Morgan Stanley has raised its price target on Applied Materials, Inc. (AMAT) to $420 from $364, maintaining an Overweight rating, following a strong earnings beat and positive guidance. RBC Capital and Goldman Sachs also increased their price targets, citing a healthy market environment and robust growth projections for the semiconductor equipment business. Applied Materials reported Q1 revenue of $7.01 billion, exceeding consensus, driven by accelerating AI computing investments.

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