Cantor Fitzgerald Reiterates Buy Rating on Applied Materials
Cantor Fitzgerald maintains its buy rating on Applied Materials with an $850 target, a 26.91% upside from the current price.
Key Points
- Cantor Fitzgerald reiterated its buy rating on Applied Materials, Inc. (AMAT) with a target price of $850 on June 29, 2026.
- Cantor Fitzgerald's $850 price target implies 26.91% upside from Applied Materials, Inc.'s ($AMAT) current $669.74 share price.
- Shares of AMAT traded near $633.71 on Monday with a market cap of $497.7 billion and a forward P/E of 38.5.
- Insiders at Applied Materials, including the CEO, sold shares in June, while several analysts maintain buy ratings.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
On June 29, 2026, Cantor Fitzgerald reiterated its buy rating for Applied Materials, Inc. (NasdaqGS: AMAT), setting a target price of $850. This reaffirmation comes as the stock traded around $633.71 on Monday.
Cantor Fitzgerald vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Applied Materials, Inc. Stock Up 45.1%
Shares of Applied Materials, Inc. traded near $633.71 on Monday. The company boasts a market cap of approximately $497.7 billion. With a P/E ratio of 58.8 and a forward P/E of 38.5, the stock shows significant investor interest. Its beta of 1.672 indicates a tendency for higher volatility compared to the market. Over the past year, the stock has ranged from a low of $154.47 to a high of $669.22, with a 50-day moving average of $468.21 and a 200-day moving average of $329.35. The company maintains a solid current ratio of 2.51 and a quick ratio of 1.62, reflecting its strong liquidity position.
$AMAT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Applied Materials reported revenue of $29.02 billion, with a growth rate of 11.4%. The company's net margin stands at 29.3%, and it achieved a return on equity of 39.7%. Earnings per share were $10.66. The next earnings report is expected on August 13, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
20 analysts raised price targets.
-
EPS & revenue
EPS beat estimates by 5.9%. Revenue beat estimates by 12.9%.
-
Profit surprise
EBITDA beat by 52 percent. Operating income beat by 24 percent.
-
Pre-earnings setup
Bar was high, analysts already very bullish.
-
Analyst signal
20 target raises.
-
Earnings quality
Gross margin up 0.8 points. Operating margin up 1.3 points. Positive free cash flow.
Earnings Call Summary
Applied Materials delivered record revenue of $7.91 billion this quarter driven by strong artificial intelligence infrastructure demand. The company sees its highest gross margin in over 25 years at 50 percent. Management highlighted that artificial intelligence is diversifying beyond training into new areas like agentic applications, which increases demand for memory and processors, and they expect continued strong growth into 2027 and beyond as customers build new factories.
Guidance Applied expects about $8.95 billion in revenue next quarter, up nearly 23 percent from last year. The company expects earnings per share of $3.36, up nearly 36 percent. Management raised its full-year equipment growth outlook to more than 30 percent as artificial intelligence demand accelerates and customers add production capacity.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Dividend
Applied Materials offers an annual dividend rate of $2.12, yielding 0.34%. The payout ratio is a conservative 17.3%, suggesting the company retains a significant portion of its earnings for reinvestment.
Insider Buying and Selling at Applied Materials, Inc.
In June, several insiders at Applied Materials sold shares. On June 18, Raja Prabu, President of the Semiconductor Products Group, sold 10,000 shares at an average price of $633.53. On June 16, President and CEO Gary Dickerson sold 17,000 shares, while Senior Vice President and CTO Omkaram Nalamasu sold 24,263 shares at an average price of $593.43.
Analysts Set New Price Targets
On June 29, 2026, Cantor Fitzgerald maintained its buy rating with an $850 price target. On the same day, Keybanc also reiterated its buy rating, setting a target of $750. Earlier, on June 26, Wells Fargo and B. Riley Securities both maintained buy ratings with targets of $740 and $790, respectively. The consensus among analysts is a strong buy, with an average target price of $551.91 from 35 analysts.
About Applied Materials
Applied Materials, Inc. is a leading company in the technology sector, specializing in semiconductor equipment and materials. Headquartered in Santa Clara, California, the company provides materials engineering solutions and software to various industries worldwide. Under the leadership of CEO Gary E. Dickerson, Applied Materials employs around 36,400 people. Its operations are divided into Semiconductor Systems and Applied Global Services segments, catering to manufacturers of semiconductor wafers, chips, and other electronic devices.
Bottom Line
Cantor Fitzgerald's reiteration of its buy rating on Applied Materials reflects continued confidence in the company's prospects. With a strong market position and significant analyst support, investors closely watch Applied Materials' performance. As a reminder, these analyst ratings and targets are based on past data and do not necessarily predict future performance.
Get Applied Materials, Inc. alerts
New 13F filings, insider trades, and analyst moves on $AMAT, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.