Applied Materials, Inc. (NASDAQ:AMAT) is one of the 10 Best High-Bandwidth Memory (HBM4) Value Chain Stocks to Buy According to Hedge Funds.
On June 4, Evercore ISI analyst Mark Lipacis reiterated a Buy rating on Applied Materials Inc. (NASDAQ:AMAT) and also assigned a target price of $515 to the stock
In addition to Evercore, two different analysts reaffirmed their Buy ratings on the stock in the first week of June. This includes TD Cowen and Bernstein, with Bernstein having the highest price target on the stock of $525. Earlier, on May 15, Deutsche Bank increased its price target on Applied Materials, Inc. (NASDAQ:AMAT) from $450 to $550 and maintained a Buy rating.
The firm’s revised rice target implies an additional 10% upside from the current levels. The price target revision came after the company delivered strong results and provided a bullish outlook. Deutsche Bank now expects Applied Materials’ semiconductor business to grow by more than 30% year-over-year in 2026.