Goldman Sachs analyst Toshiya Hari reiterated a Buy rating on Applied Materials (AMAT – Research Report) yesterday and set a price target of $240.00. The company’s shares closed yesterday at $214.03.
According to TipRanks, Hari is a top 100 analyst with an average return of 26.4% and a 68.57% success rate. Hari covers the Technology sector, focusing on stocks such as Entegris, Intel, and Micron.
In addition to Goldman Sachs, Applied Materials also received a Buy from Craig-Hallum’s Christian Schwab in a report issued yesterday. However, on the same day, Susquehanna maintained a Hold rating on Applied Materials (NASDAQ: AMAT).
Based on Applied Materials’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $6.71 billion and a net profit of $2.02 billion. In comparison, last year the company earned a revenue of $6.74 billion and had a net profit of $1.72 billion
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Applied Materials (AMAT) Company Description:
Founded in 1967, Applied Materials, Inc. is a California-based company which provides manufacturing equipment, services, and software solutions to the semiconductor, display, and related industries to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.
Read More on AMAT:
- AMAT Earnings: Applied Materials Slips despite Solid Q2 Results
- Options Volatility and Implied Earnings Moves Today, May 16, 2024
- AMAT Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Options Volatility and Implied Earnings Moves This Week, May 13 – May 16, 2024
- Applied Materials assumed at Hold from Buy at Jefferies
