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Lynx Equity raised its price forecast on Applied Materials to $540 from $440.
Lynx Equity shifted its Applied Materials valuation focus to 2028 earnings, raising the price target to $540.
KEY POINTS
- Lynx forecasts Applied Materials' 2027 revenue growth at 30%, significantly above Wall Street's 20% consensus.
- Citi projects wafer fab equipment spending could hit $190 billion in 2027, fueled by AI infrastructure.
- RBC highlights Applied Materials' strong position in DRAM, HBM, and advanced logic as a key growth driver.
COMPANIES
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