Alert: Positive Investment/Fundamental Signals (2/28/24)-Applied Materials Inc (NASDAQ: AMAT)

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Applied Materials Inc (NASDAQ: AMAT). Notable positive changes in fundamentals have recently occurred: the consensus estimate for October, 2025 increased significantly, the consensus estimate for October, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

Significant positive changes in investment behavior have recently occurred for Applied Materials Inc (NASDAQ: AMAT): the stock’s recent price rise disrupted its longer term downtrend.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, AMAT is expected to continue to be a major Value Builder.

Applied Materials has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Applied Materials has a neutral Appreciation Score of 45 but a very high Power Rating of 90, leading to the Positive Value Trend Rating.

Recent Price Action

Applied Materials Inc (NASDAQ: AMAT) stock declined by -2.6% on 2/28/24. The shares closed at $197.54. This decline was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.4% during the last week.

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