Applied Materials, Inc.’s Stock Price Drops to $200.20, Marking a 4.08% Decrease: Is It Time to Buy?

Applied Materials, Inc. (AMAT)

200.20 USD -8.52 (-4.08%) Volume: 6.62M

Applied Materials, Inc.’s stock price stands at 200.20 USD, experiencing a decrease of 4.08% this trading session with a trading volume of 6.62M, yet showcasing a robust YTD growth of 23.53%, emphasizing the resilience and potential of AMAT stocks in the market.

Latest developments on Applied Materials, Inc.

Applied Materials stock has been in the spotlight recently with various news events impacting its price movements. From analysts resetting targets for the key Nvidia supplier after earnings to Atria Wealth Solutions Inc. lowering its stock position in Applied Materials, Inc. (NASDAQ:AMAT), investors have been closely monitoring the company. Additionally, Applied Materials announced its 3Q 2024 results and its participation in upcoming investor conferences, further influencing market sentiment. With a consensus ‘buy’ rating and 17.0% upside potential, Applied Materials remains a stock to watch for potential growth opportunities, making it an AI stock not to miss for 2025.

Applied Materials, Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research and William Keating, have been covering Applied Materials Inc. with a bullish sentiment. Baptista Research‘s report on “Applied Materials Inc.: Advanced Packaging and High-bandwidth Memory (HBM) Growth & Other Major Drivers” highlights the company’s strong performance in the second quarter of 2024 and its position to benefit from long-term secular growth trends driven by key technology innovations like AI, IoT, and electric vehicles. On the other hand, William Keating’s report “AMAT. No Beat, No Raise, No Slump. But Why?” discusses the company’s Q124 revenues meeting expectations but warns of potential challenges if China revenues decline before non-China growth.

Furthermore, Baptista Research‘s analysis on “Applied Materials Inc (AMAT): Is The Escalation In Services Growth A Major Growth Catalyst In 2024? – Major Drivers” emphasizes the company’s strong start to the fiscal year, exceeding earnings projections and showcasing strengths in innovation strategy and market share in key industry inflections. The report predicts revenue growth in the advanced packaging product portfolio to nearly $1.5 billion in 2024, indicating positive growth prospects for Applied Materials in the coming years.

A look at Applied Materials, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Applied Materials, Inc. is looking towards a positive long-term outlook based on the Smartkarma Smart Scores. With high scores in Growth, Resilience, and Momentum, the company is positioned well for future success. The company develops, manufactures, and services semiconductor wafer fabrication equipment for a wide range of electronic device manufacturers, indicating a strong market presence and potential for continued growth.

Although Applied Materials scores lower in the areas of Value and Dividend, the overall outlook remains promising. The company’s focus on innovation and technology in the semiconductor industry, combined with its strong customer base, suggests a solid foundation for sustained growth in the future. With a diverse customer portfolio including semiconductor manufacturers, flat panel displays, and solar cells, Applied Materials is well-positioned to capitalize on emerging opportunities in the global market.

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