Wells Fargo (NYSE:WFC) analyst Aaron Rakers maintained a Buy rating on Applied Materials (NASDAQ:AMAT) on Friday, setting a price target of $180, which is approximately 13.39% above the present share price of $158.74.
Rakers expects Applied Materials to post earnings per share (EPS) of $1.89 for the fourth quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Applied Materials, with an average price target of $164.69.
The analysts price targets range from a high of $190 to a low of $130.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $6.2 billion and a net profit of $2.01 billion. The company's market cap is $143.33 billion.
According to TipRanks.com, Wells Fargo analyst Aaron Rakers is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.5% and a 71.88% success rate.
Founded in 1967, Applied Materials, Inc. is a California-based company which provides manufacturing equipment, services, and software solutions to the semiconductor, display, and related industries to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.