Memory chips are in high demand due to AI and consumer electronics companies, causing a supply shortage. Applied Materials (AMAT) is well-positioned to benefit, with analysts raising its price target to $315, implying a 16.9% upside. The company specializes in materials engineering for semiconductors and has a market cap of $214 billion. Despite a decline in Q4 revenue, Applied Materials saw annual growth in 2025, reaching $28.37 billion. Analysts have a mixed view on the stock’s trajectory, with a consensus price target of $242.26 representing a 10% downside from current levels.

Read more at Barchart: TD Cowen Says This Memory Chip Maker Is One of the Best Stocks to Buy for 2026