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Applied Materials (NASDAQ:AMAT) has been upgraded from Neutral to Buy in a report by Goldman Sachs today.

Displaying a price of $45.65, Applied Materials (NASDAQ:AMAT) traded 1.29% higher on the day. With the last close up 9.14% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the date range. Applied Materials has recorded a 50-day average of $44.33 and a two hundred day average of $42.37. 2,246,200 shares of the stock were exchanged, down from an average trading volume of 10,140,000

Goldman Sachs has upgraded Applied Materials (NASDAQ:AMAT) from Neutral to Buy in a statement released on 09/13/2017.

On Friday August 18, 2017, Stifel released a statement for Applied Materials (NASDAQ:AMAT) bumped up the target price from $55.00 to $61.00. At the time, this indicated a possible upside of 0.41%.

Performance Chart

Applied Materials (NASDAQ:AMAT)

With a market cap of $0, Applied Materials has 52 week low of $27.56 and a 52 week high of $47.86 with a PE ratio of 16.44 .

In addition to Goldman Sachs reporting its stock price target, a total of 21 brokerages have issued a research note on the company. The average target is $26.64 with four analysts rating the company a strong buy, 16 firms rating the stock a buy, 2 equity analysts rating the company a hold, one equity analyst rating the company a underperform, and lastly 0 brokers rating the stock a sell.

Brief Synopsis On Applied Materials (NASDAQ:AMAT)

Applied Materials, Inc. provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company's segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.

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