B. Riley Raises Applied Materials (AMAT) Price Target to $790

B. Riley analyst raised the price target on Applied Materials (AMAT) to $790 from $550, maintaining a "Buy" rating on the shares. The revision follows the company's DRAM and Advanced Packaging Master Class.

Rating Change

• Previous Price Target: $550
• New Price Target: $790
• Rating: Buy (unchanged)

Analyst Rationale

The analyst believes Applied Materials' Master Class on DRAM and Advanced Packaging demonstrates the company's strength in key areas of the semiconductor industry. Applied Materials is expected to benefit from growing demand for memory chips and advanced packaging, especially with the expansion of data centers and AI applications.

Context

Applied Materials is among the best AI and technology stocks to buy now, according to previous analyses. The stock has performed positively recently, supported by momentum in the semiconductor sector.

Conclusion

The price target increase reflects the analyst's confidence in Applied Materials' growth prospects, particularly in DRAM and advanced packaging. However, the stock remains subject to general market risks and technology sector volatility.