From Yahoo Finance: 2025-05-27 13:59:00

Analyst Joseph Quatrochi from Wells Fargo reiterated a Buy rating on Applied Materials, Inc. (AMAT) with a $200 price target post fiscal Q2 results. Revenue hit $7.10 billion (7% YoY growth) with EPS at $2.39 (14% growth). Major clients like Samsung and TSMC boosted revenue contributions significantly.

Despite some revenue declines, excluding major clients, Applied Materials Inc. (AMAT) remains financially strong. Q3 revenue expected at $7.2 billion with EPS between $2.15 to $2.55. Wells Fargo suggests exploring other AI stocks for potentially higher returns, but maintains AMAT as a solid investment choice.

Read more: Wells Fargo Maintains Buy Rating on Applied Materials (AMAT), Keeps PT Steady