Applied Materials gains after Mizuho lifts target price
09/07/2026 13:44
BUZZ-Applied Materials gains after Mizuho lifts target price ** Shares of chip equipment maker Applied Materials AMAT.O jumps 7.2% to $611.50 premarket
** Mizuho raises PT to $650 from $540, implying about 14% upside to the stock's last close
** AMAT benefits from AI-driven tailwinds in high-bandwidth memory capacity expansion and strong foundry and logic spending - Brokerage
** Raises its 2027 global wafer fabrication equipment spending forecast, citing AI-driven demand for leading-edge logic and memory
** 34 of 39 brokerages rate the stock "buy" or higher and five "hold"; their median PT is $565 - data compiled by LSEG
** Up to last close, the stock has more than doubled YTD
(Reporting by Anzar Mehraj in Bengaluru)