Cantor Fitzgerald Raises Applied Materials Price Target to $850

Cantor Fitzgerald analyst C.J. Muse raised the price target on Applied Materials (NASDAQ: AMAT) to $850 from $650, maintaining an Overweight rating. The revision came on June 29, 2026, reflecting a positive outlook on the company.

Recommendation Change

• Previous Price Target: $650
• New Price Target: $850
• Rating: Overweight (unchanged)

Analyst's Rationale

The analyst believes Applied Materials is well-positioned to benefit from rising demand for semiconductor equipment, especially as companies like ASML expand in the market. He also notes that the stock remains undervalued compared to peers.

Context

This recommendation comes amid a rally in semiconductor equipment stocks, with investors focusing on AI. Companies like Nvidia and Micron are also gaining, boosting confidence in the sector.

Conclusion

The price target raise reflects analyst optimism, but it is not a buy recommendation. Investors should conduct their own research before making decisions.