Evercore ISI analyst C J Muse reiterated a Buy rating on Applied Materials (NASDAQ:AMAT) on Friday, setting a price target of $185, which is approximately 23.31% above the present share price of $150.03.
J Muse expects Applied Materials to post earnings per share (EPS) of $1.89 for the fourth quarter of 2021.
The current consensus among 14 TipRanks analysts is for a Strong Buy rating of shares in Applied Materials, with an average price target of $170.85.
The analysts price targets range from a high of $200 to a low of $130.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $6.2 billion and a net profit of $2.01 billion. The company's market cap is $135.47 billion.
According to TipRanks.com, Evercore ISI analyst C J Muse is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.7% and a 70.83% success rate.
Founded in 1967, Applied Materials, Inc. is a California-based company which provides manufacturing equipment, services, and software solutions to the semiconductor, display, and related industries to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.