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Applied Materials (AMAT) Remains Favored as ASML Emerges as Top Catch-Up Trade
Key takeaways
- Muse raised the price target on Applied Materials (NASDAQ: AMAT) to $850.00 (from $650), maintaining an Overweight rating.
- The firm continues to like AMAT, alongside LRCX and KLAC.
- In Semi Equipment, we see the most EPS upside from ASML.
Applied Materials (AMAT) Remains Favored as ASML Emerges as Top Catch-Up Trade Ghazal Ahmed Tue, June 30, 2026 at 5:26 PM GMT+7 1 min read AMAT ASML.AS LRCX KLAC NVDA Applied Materials (NASDAQ:AMAT) is one of the 14 AI Stocks Making Moves on Wall Street: Nvidia, Micron, and More.
On June 29, Cantor Fitzgerald analyst C.J. Muse raised the price target on Applied Materials (NASDAQ: AMAT) to $850.00 (from $650), maintaining an Overweight rating. Despite the PT raise and rating affirmation, the firm sees more limited upside to EPS compared to peers.
The firm continues to like AMAT, alongside LRCX and KLAC. ASML, on the other hand, has the strongest EPS upside among semiconductor stocks.
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