What Are Wall Street Analysts' Target Price for Applied Materials Stock?

Valued at a market cap of $183.4 billion, Applied Materials, Inc. (AMAT) provides manufacturing equipment, services, and software used to produce semiconductor chips, displays, and other advanced electronics. The Santa Clara, California-based company plays a critical role in enabling the development of cutting-edge technologies such as artificial intelligence, 5G, and electric vehicles by helping chipmakers and display manufacturers improve performance, efficiency, and scalability in their production processes.

This tech company has outperformed the broader market over the past 52 weeks. Shares of AMAT have surged 29.2% over this time frame, while the broader S&P 500 Index ($SPX) has gained 17.5%. Moreover, on a YTD basis, the stock is up 48.1%, compared to SPX’s 15.6% return.