Applied Materials Inc. (AMAT) is a key player in the semiconductor industry, enabling cutting-edge technologies like AI and 5G. The stock has outperformed the market, with a 48.1% YTD increase. Despite strong Q3 results, AMAT’s shares fell 14.1% due to soft Q4 guidance. Analysts expect EPS to grow by 8.2% this fiscal year. The consensus rating is a “Moderate Buy,” with a $195 price target from AllianceBernstein. Trading above the mean price target, AMAT has a 10% upside potential to its street-high price target of $265.

Read more at Barchart: What Are Wall Street Analysts’ Target Price for Applied Materials Stock?