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Barchart
Barchart
Anushka Dutta

TD Cowen Says This Memory Chip Maker Is One of the Best Stocks to Buy for 2026

Applied Materials TD Cowen Memory Keybanc

Memory chips are experiencing a surge in demand driven by artificial intelligence (AI) operations. AI and consumer electronics companies now fight for the dwindling supply of these chips. Against this backdrop, TD Cowen analyst Krish Sankar sees significant potential for 2026 in Applied Materials (AMAT), a materials engineering solutions company. 

This chip manufacturing equipment firm is exposed to strong tailwinds from the demand for dynamic random access memory (DRAM) and the leading-edge foundry industry, both of which are seeing heightened demand driven by AI. As a result, TD Cowen analysts raised the price target on Applied Materials from $260 to $315 while maintaining a bullish “Buy” rating, implying 16.9% upside from current levels.

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