Susquehanna Raises AMAT Price Target to $900
Susquehanna raised its price target on Applied Materials (AMAT) to $900 from $575, maintaining a Positive rating. Analyst Mehdi Hosseini noted positive channel checks in a June 30 investor note.
Key Numbers
Susquehanna Financial Group raised its price target on Applied Materials, Inc. (NASDAQ:AMAT) to $900 from $575, maintaining a "Positive" rating on the shares. Analyst Mehdi Hosseini issued the update on June 30, 2026, citing favorable channel checks.
Recommendation Change
- Previous Price Target: $575
- New Price Target: $900
- Rating: Positive
Analyst's Rationale
Hosseini noted that channel checks revealed strong demand for semiconductor equipment, supporting revenue expectations. Customer expansions into new capacity also underpin growth.
Context
The update follows AMAT's inclusion in Insider Monkey's list of 15 Best Stocks to Buy for the Second Half of 2026. The stock has risen roughly 40% year-to-date, but the analyst sees further upside.
What to Make of It
The price target increase reflects confidence in AMAT's performance amid robust demand for advanced manufacturing equipment. However, investors should consider cyclical industry risks and the stock's elevated valuation.
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