New Buy Rating for Applied Materials (AMAT), the Technology Giant

In a report released yesterday, Joseph Quatrochi from Wells Fargo maintained a Buy rating on Applied Materials, with a price target of $435.00.

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Quatrochi covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, Analog Devices, and Monolithic Power. According to TipRanks, Quatrochi has an average return of 17.0% and a 58.51% success rate on recommended stocks.

Applied Materials has an analyst consensus of Strong Buy, with a price target consensus of $434.50.

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 47 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.