Cantor Fitzgerald raised the firm’s price target on Applied Materials (AMAT) to $470 from $425 and keeps an Overweight rating on the shares. Applied Materials delivered a strong outlook for CY26 with 20%+ growth and EPS guidance of $12.05, supported by robust exposure to leading-edge Front-End logic and DRAM, strong demand from Samsung (SSNLF), and visibility into a second half of 2026 ramp despite clean room constraints, the analyst tells investors in a research note.
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