BofA is Bullish on Applied Materials, Inc. (AMAT)
Key takeaways
- (AMAT) Fatima Gulzar Mon, June 29, 2026 at 1:45 AM GMT+7 2 min read AMAT BAC EL.PA Applied Materials, Inc.
- On June 23, Bof A bumped up its price objective on Applied Materials, Inc.
- The firm updated its semiconductor industry models and price objectives to show revised industry estimates.
Bof A is Bullish on Applied Materials, Inc. (AMAT) Fatima Gulzar Mon, June 29, 2026 at 1:45 AM GMT+7 2 min read AMAT BAC EL.PA Applied Materials, Inc. (NASDAQ:AMAT) is one of the 10 Best Semiconductor Stocks to Buy According to Billionaires.
On June 23, Bof A bumped up its price objective on Applied Materials, Inc. (NASDAQ:AMAT) to $720 from $540. The firm maintained a "Buy" rating on the stock.
The firm updated its semiconductor industry models and price objectives to show revised industry estimates. BofA raised its 2030 total semiconductor market forecast to $2.7 trillion from $2.3 trillion. BofA stated that the higher forecast is mainly because of growth in memory and data center markets, with extra support from reviving automotive and industrial demand.