Susquehanna Raises Price Target on Applied Materials, Inc. (AMAT)
Yahoo Finance ·
Susquehanna Raises Price Target on Applied Materials, Inc. (AMAT) Fatima Gulzar Wed, July 8, 2026 at 2:48 PM EDT 1 min read AMAT EL.PA META Applied Materials, Inc. (NASDAQ:AMAT) is one of the 15 Best Stocks to Buy for the Second Half of 2026 . On June 30, Susquehanna analyst Mehdi Hosseini bumped up his target on Applied Materials, Inc. (NASDAQ:AMAT) to $900 from $575. The analyst maintained a "Positive" rating on the shares. In an investor note, he noted channel checks that suggested an expanding SCE backlog extending beyond one year. WFE is reaching as high as $300 billion and higher in 2026 and 2027 estimates, along with new 2028 projections. Separately, on June 16, Reuters reported that Applied Materials, Inc. (NASDAQ:AMAT) signed a long-term agreement with EssilorLuxottica to develop augmented reality display technology and AI glasses. Reuters said the companies plan to scale commercialization as well as focus research on advanced optical technologies. Reuters also reported that EssilorLuxottica already sells artificial intelligence glasses with Meta under the Ray-Ban and Oakley brands. Applied Materials, Inc. (NASDAQ:AMAT) supplies the semiconductor manufacturing equipment needed to produce the ultra-thin chip layers used in AR displays. Applied Materials, Inc. (NASDAQ:AMAT) is a firm that provides materials engineering solutions used in semiconductor manufacturing. Its segments include Semiconductor Systems and Applied Global Services. While we acknowledge the potential of AMAT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy . Disclosure: None. Follow Insider Monkey on Google News .
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