Analysts Expect Applied Materials Stock to Dominate in 2026. Should You Buy Shares Now?

Applied Materials (AMAT) stock climbed 1.13% on Jan. 23 after Deutsche Bank was the latest Wall Street firm to upgrade the semiconductor equipment maker. The investment firm joined a growing chorus of analysts who turned bullish on the company’s near-term prospects.

Analyst Melissa Weathers raised her rating to “Buy” from “Hold” and set a $390 price target, citing an increasingly favorable environment for wafer fabrication equipment spending. She noted her estimates for Applied Materials are roughly 10% above Wall Street consensus, with potential for further upside. The upgrade follows similar moves earlier this month from Susquehanna and Barclays, while KeyBanc raised its price target to $380.