Applied Materials price target raised to $440 from $390 at Needham

Needham raised the firm’s price target connected Applied Materials (AMAT) to $440 from $390 and keeps a Buy standing connected the shares. The institution delivered an unmistakable beat-and-raise 4th that investors person dearly missed for rather immoderate time, the expert tells investors successful a probe note. Management sees beardown WFE maturation should prolong into 2027, the steadfast adds.

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