TD Cowen lowered the firm’s price target on Applied Materials (AMAT) to $225 from $230 and keeps a Buy rating on the shares. The firm saaid the April 2025 quarterly revenue guide was light of the Street view due to US export controls to China effects.
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Read More on AMAT:
- Resilient Growth Potential of Applied Materials Amidst US Export Controls
- Applied Materials: Navigating Market Challenges with Strategic Positioning and Future Growth Potential
- Applied Materials price target lowered to $205 from $210 at BofA
- Applied Materials price target lowered to $190 from $200 at Barclays
- Hold Rating on Applied Materials Due to Geopolitical Risks Despite Strong Performance