ATLAS News · Earnings

Applied Materials Price Targets Cut by Analysts After Q3 Report

Published November 13, 2026 · 1 sources

Benzinga reports several analysts lowered Applied Materials price targets despite a strong third quarter and a raised full-year outlook.

What happened

Benzinga reports that a group of analysts reduced their price targets on Applied Materials (AMAT) following the company's third-quarter results. The cuts came even though the quarter was described as strong.

According to the Benzinga headline, the company also raised its outlook for the full fiscal year. The outlook is tied to wafer fab equipment (WFE) growth of more than 30%.

The source does not name the individual analysts or firms, and it does not list the new target levels in the material provided to ATLAS.

Context

Wafer fab equipment refers to the machinery used by chipmakers to manufacture semiconductors, and Applied Materials is one of the suppliers in that market.

Why it matters

The mix of a strong quarter, a higher outlook and lower analyst targets shows how Wall Street views of the same results can differ.

Stocks in this story

Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.

Applied MaterialsAMAT

−4.96%

Technology · NASDAQ

Live price

$362.05▼ -4.96%

live price · USD

Latest price during the session: $362.05−4.96% vs. previous close ($380.94)
Fair value (ATLAS): $239.25Fair range: $103.92 to $315.91The price ($362.05) is 51.3% above that figure.
Chance of a rise in 1 month: 46%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $310.85 and $405.85; 9 in 10, between $245.41 and $514.07.

See the full ATLAS analysis of Applied Materials →

Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.

Sources

ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.

These Applied Materials Analysts Slash Price Targets Despite Strong Q3, Raised FY Outlook on >30% WFE Growth · Benzinga · November 13, 2026

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Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer