Keybanc Reiterates Buy Rating on Applied Materials, Inc.
Keybanc maintains a buy rating on Applied Materials with a $750 price target, a 7.24% upside from the current price.
Key Points
- Keybanc reiterated its buy rating on Applied Materials, Inc. (AMAT) with a price target of $750 on June 29, 2026.
- Keybanc's $750 price target implies 7.24% upside from Applied Materials, Inc.'s ($AMAT) current $699.39 share price.
- Shares of AMAT traded near $626.84 on Monday with a market cap of $497.7 billion and a P/E ratio of 58.8.
- Insiders, including CEO Gary Dickerson, sold shares in June, and analysts maintain strong buy ratings with a mean target of $551.91.
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Keybanc has reiterated its buy rating on Applied Materials, Inc. (NasdaqGS: AMAT), setting a price target of $750. This reaffirmation was made on June 29, 2026, by analyst Steve Barger. The announcement follows a period of strong interest in the company's stock.
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Applied Materials, Inc. Stock Up 51.5%
Shares of Applied Materials traded near $626.84 on Monday. The company boasts a significant market cap of $497.7 billion and has a P/E ratio of 58.8, indicating investor confidence in its profitability. The stock's 52-week range spans from $154.47 to $669.22, reflecting substantial volatility. Applied Materials has a 50-day moving average of $468.21 and a 200-day moving average of $329.35.
$AMAT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Applied Materials, Inc.
Several insiders at Applied Materials have been active in the stock market recently. On June 16, 2026, CEO Gary Dickerson sold 71,727 shares at an average price of $593.75. Additionally, Raja Prabu, President of the Semiconductor Products Group, sold 10,000 shares on June 18, 2026, at an average price of $633.53.
Analysts Set New Price Targets
On June 29, 2026, Keybanc maintained its buy rating on Applied Materials with a $750 price target. Other firms like Wells Fargo and B. Riley Securities also maintained buy ratings with targets of $740 and $790, respectively. The consensus among analysts remains strong buy, with an average target price of $551.91.
About Applied Materials
Applied Materials, Inc. is a leading provider of materials engineering solutions, catering primarily to the semiconductor industry. Headquartered in Santa Clara, California, the company is led by CEO Gary E. Dickerson and employs approximately 36,400 people. It operates through two main segments: Semiconductor Systems and Applied Global Services, delivering equipment, services, and software to customers worldwide.
Bottom Line
Keybanc's reaffirmation of its buy rating with a $750 target underscores continued confidence in Applied Materials' growth prospects. Investors closely watch such analyst actions as part of their broader market strategy. As a reminder, analyst ratings are just one piece of the puzzle, and it's essential to consider a variety of factors when evaluating stock investments.
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