HSBC raises Applied Materials price target to $683

1. 1HSBC raised its price target on Applied Materials (AMAT) from $522 to $683 and maintained a Buy rating.
2. 2The bank lifted its 2028 wafer fabrication equipment market outlook from $261 billion to $272 billion, citing ASML's plans to expand lithography equipment production.
3. 3It said the upgraded sector outlook lifts earnings expectations, leaving room for further consensus upgrades on advanced semiconductor and AI infrastructure demand.

Source GuruFocus.com +1 · View original ↗

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