Applied Materials, Inc. (NASDAQ:AMAT) is included in the 13 Best Roth IRA Stocks to Buy Now. B. Riley raised the price target on AMAT to $400 from $365, reaffirming a Buy rating. The firm expects strong fiscal first-quarter results, likely exceeding consensus estimates.

As semiconductor production grows to meet demand for industrial automation, electric vehicles, and AI technologies, Applied Materials is poised for growth. The company offers steady revenue from servicing chip fabrication plants. It maintains strong profit margins, returning free cash flow to shareholders through dividends and share repurchases.

Christopher Buchbinder of Capital Group sees an opportunity for Applied Materials as memory manufacturers invest in AI build-out. This multi-year cycle is expected to benefit the company. Applied Materials, Inc. serves the semiconductor, display, and related industries through its three segments: Semiconductor Systems, Applied Global Services, and Display.

Read more at Yahoo Finance: B. Riley Raises Applied Materials, Inc. (AMAT) Price Target to $400, Reaffirms Buy