Applied Materials Shares Rise After Analyst Upgrade

Mizuho boosts price target to $370 on AMAT stock

Jan. 30, 2026 at 11:55pm

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Shares of Applied Materials, Inc. (NASDAQ:AMAT) rose 1.2% on Wednesday after Mizuho upgraded the stock from a hold rating to an outperform rating and increased its price target from $275 to $370. The semiconductor equipment manufacturer's stock traded as high as $344.04 during the day.

Why it matters

Applied Materials is a key supplier of capital equipment and technologies used in the production of semiconductors, display panels, and advanced materials. Positive analyst sentiment and an increased price target suggest growing confidence in the company's business outlook and ability to capitalize on industry trends.

The details

Mizuho cited the company's strong position in the semiconductor equipment market and its potential to benefit from ongoing industry demand as reasons for the upgrade. Applied Materials has also received positive ratings and price target increases from other analysts in recent months, reflecting the company's solid financial performance and growth prospects.

  • Applied Materials shares rose 1.2% during trading on Wednesday, January 31, 2026.

The players

Applied Materials, Inc.

A U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California.

Mizuho

A financial services group that provides investment banking, securities, and other financial services. Mizuho upgraded Applied Materials stock from a hold rating to an outperform rating.

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The takeaway

The analyst upgrade and increased price target for Applied Materials stock suggest the company is well-positioned to capitalize on ongoing demand in the semiconductor and display industries, underscoring its status as a key supplier of critical manufacturing equipment and technologies.