Why Is Applied Materials Stock Gaining Tuesday?
Applied Materials Inc. (NASDAQ: AMAT ) stock climbed about 3% in Tuesday’s premarket session as semiconductor equipment stocks advanced alongside a stronger broader market. Nasdaq futures rose 0.21%, while S&P 500 futures gained 0.15%. Analysts Raise Price Forecasts Adding to the bullish sentiment, Cantor Fitzgerald analyst C.J. Muse on Monday raised his price forecast on Applied Materials to $850 from $650 and reiterated an Overweight rating. Muse said the firm continues to favor Applied Materials, alongside Lam Research Corp. (NASDAQ: LRCX ) and KLA Corp. (NASDAQ: KLAC ), although he expects ASML Holding (NASDAQ: ASML ) to deliver the strongest earnings upside and potentially outperform after a period of relative underperformance. Separately, KeyBanc analyst Steve Barger maintained an Overweight rating on Applied Materials and increased his price forecast to $750 from $550. Re...
Applied Materials Inc. (NASDAQ: AMAT ) stock climbed about 3% in Tuesday’s premarket session as semiconductor equipment stocks advanced alongside a stronger broader market. 15%. J.
Muse on Monday raised his price forecast on Applied Materials to $850 from $650 and reiterated an Overweight rating. Muse said the firm continues to favor Applied Materials, alongside Lam Research Corp. (NASDAQ: LRCX ) and KLA Corp. (NASDAQ: KLAC ), although he expects ASML Holding (NASDAQ: ASML ) to deliver the strongest earnings upside and potentially outperform after a period of relative underperformance.
Separately, KeyBanc analyst Steve Barger maintained an Overweight rating on Applied Materials and increased his price forecast to $750 from $550. Read Also: Elon Musk Calls ASML Europe's 'Greatest Company' Ahead Of Pitch For SpaceX's Terafab Vision: 'Should Be Treasured And Supported' Applied Materials Technical Picture Remains Bullish The stock continues to trade well above its key moving averages, reflecting a strong long-term uptrend. 01. The 20-day average remains above the 50-day average, while the golden cross formed in July 2025 continues to support the longer-term bullish trend.
Momentum, however, is becoming stretched. 17, a level that typically signals overbought conditions and raises the possibility of short-term consolidation or profit-taking. 99 now serves as an important breakout level. 03 is the nearest key support.
Earnings And Analyst Outlook Applied Materials is expected to report quarterly results on Aug. 13, 2026. 3 billion in the prior-year period. 3 times earnings, reflecting a premium valuation.
67. Recent rating actions include Overweight ratings from Cantor Fitzgerald, which raised its price forecast to $850 on June 29, Keybanc, which lifted its forecast to $750 on June 29, and Wells Fargo, which increased its forecast to $740 on June 26. 27%. Large fund inflows or outflows could influence trading activity in the stock.
65 during premarket trading on Tuesday, according to Pro data. Photo via Shutterstock Read Also: The AI Spending Boom Just Got Bigger: Goldman Sees $800 Billion Flowing In This Year