BofA Remains Bullish on Applied Materials (AMAT)
Key takeaways
- (NASDAQ:AMAT) also received a rating update from B.
- (NASDAQ:AMAT) is a leader in materials engineering solutions engaged in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries.
- While we acknowledge the potential of AMAT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.
Bof A Remains Bullish on Applied Materials (AMAT) Noor Ul Ain Rehman Fri, May 8, 2026 at 12:26 AM GMT+7 1 min read AMAT LRCX Applied Materials, Inc. (NASDAQ:AMAT) is one of the best strong buy stocks to invest in according to billionaires. Bof A lifted the price target on Applied Materials, Inc. (NASDAQ:AMAT) to $465 from $420 on April 28, reaffirming a Buy rating on the shares. The firm told investors that it raised several price targets across semiconductor capital equipment following “strong” Lam Research results, and cited higher industry forecasts that should precede broad-based upward estimate revisions.
Applied Materials, Inc. (NASDAQ:AMAT) also received a rating update from B. Riley on April 13. The firm lifted the price target on the stock to $485 from $450, and maintained a Buy rating on the shares. It updated its multi-year AI capex and semiconductor capital wafer fab equipment views, and reported that it is more positive on calendar year 2026-2028 semi cap prospects. Susquehanna also raised the price target on Applied Materials, Inc. (NASDAQ:AMAT) to $500 from $435 on April 9, maintaining a Positive rating on the shares.
Applied Materials, Inc. (NASDAQ:AMAT) is a leader in materials engineering solutions engaged in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries.