Applied Materials Stock Rises 2%

Wall Street analysts forecast continued growth for the semiconductor equipment maker

Mar. 10, 2026 at 9:36pm

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Shares of Applied Materials, Inc. (NASDAQ:AMAT) rose 2% on Tuesday, trading as high as $355.28 before closing at $345.88. The company, which provides equipment and services for semiconductor chip and display panel manufacturing, saw a 25% decline in trading volume compared to the average session. Wall Street analysts have maintained a Moderate Buy rating on the stock, with a consensus price target of $363.46.

Why it matters

Applied Materials is a key supplier to the semiconductor industry, which has seen strong demand in recent years driven by the proliferation of electronic devices and the shift to advanced chip manufacturing processes. The company's performance is closely watched as an indicator of broader trends in the tech sector.

The details

A number of research analysts have increased their price targets for Applied Materials, with Bank of America raising its target to $350 and Sanford C. Bernstein setting a $425 target. The company is expected to benefit from continued growth in semiconductor and display panel manufacturing as chipmakers invest in new capacity.

  • Applied Materials stock closed at $338.94 on the previous trading day.
  • The stock traded as high as $355.28 on Tuesday.

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.

Bank of America

A major investment bank that has increased its price target for Applied Materials.

Sanford C. Bernstein

A research firm that has set a $425 price target for Applied Materials.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Applied Materials' strong performance and positive analyst sentiment reflect the continued demand for semiconductor manufacturing equipment as the tech industry invests in new capacity and advanced chip technologies.