Bernstein Reaffirms Their Buy Rating on Applied Materials (AMAT)

In a report released today, Stacy Rasgon from Bernstein maintained a Buy rating on Applied Materials, with a price target of $425.00.

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Rasgon covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Applied Materials, and Nvidia. According to TipRanks, Rasgon has an average return of 29.6% and a 62.54% success rate on recommended stocks.

In a report released on March 30, Cantor Fitzgerald also maintained a Buy rating on the stock with a $500.00 price target.

Based on Applied Materials’ latest earnings release for the quarter ending January 25, the company reported a quarterly revenue of $7.01 billion and a net profit of $2.03 billion. In comparison, last year the company earned a revenue of $7.17 billion and had a net profit of $1.19 billion

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMAT in relation to earlier this year. Most recently, in February 2026, Judy Bruner, a Director at AMAT sold 2,500.00 shares for a total of $979,275.00.