Cantor Fitzgerald Raises its Price Target on Applied Materials (AMAT)
Key takeaways
- Cantor Fitzgerald Raises its Price Target on Applied Materials (AMAT) Jeff Lewis Sun, June 14, 2026 at 12:13 AM GMT+7 2 min read AMAT Applied Materials, Inc.
- On June 10, 2026, Cantor Fitzgerald raised the firm’s price target on Applied Materials, Inc.
- (NASDAQ:AMAT) expanded its manufacturing and R&D operations in Singapore to support the global build-out of AI infrastructure.
Cantor Fitzgerald Raises its Price Target on Applied Materials (AMAT) Jeff Lewis Sun, June 14, 2026 at 12:13 AM GMT+7 2 min read AMAT Applied Materials, Inc. (NASDAQ:AMAT) is one of the
On June 10, 2026, Cantor Fitzgerald raised the firm’s price target on Applied Materials, Inc. (NASDAQ:AMAT) to $650 from $575 and maintained an Overweight rating on the shares. Cantor said the semiconductor equipment industry is in the “early innings of a multi-year supply-constrained and durable upcycle.” The firm said the outlook has improved over the last three months, with bookings visibility beginning to extend into 2028, and identified leading-edge foundry and logic as the primary wafer fab equipment growth driver.
Also on June 10, Applied Materials, Inc. (NASDAQ:AMAT) expanded its manufacturing and R&D operations in Singapore to support the global build-out of AI infrastructure. The company said its new $500M Tampines Campus more than doubles its advanced cleanroom capacity in Singapore and is already operating at volume production. Applied Materials said the facility is focused on serving chipmakers expanding production to meet AI-driven demand and is expected to add approximately 1,000 local jobs over the next few years.