Cantor Fitzgerald Raises its Price Target on Applied Materials (AMAT)

On June 10, 2026, Cantor Fitzgerald raised the firm’s terms people connected Applied Materials, Inc. (NASDAQ:AMAT) to $650 from $575 and maintained an Overweight standing connected the shares. Cantor said the semiconductor instrumentality manufacture is successful the “early innings of a multi-year supply-constrained and durable upcycle.” The steadfast said the outlook has improved implicit the past 3 months, with bookings visibility opening to widen into 2028, and identified leading-edge foundry and logic arsenic the superior wafer fab instrumentality maturation driver.

Also connected June 10, Applied Materials, Inc. (NASDAQ:AMAT) expanded its manufacturing and R&D operations successful Singapore to enactment the planetary build-out of AI infrastructure. The institution said its caller $500M Tampines Campus much than doubles its precocious cleanroom capableness successful Singapore and is already operating astatine measurement production. Applied Materials said the installation is focused connected serving chipmakers expanding accumulation to conscionable AI-driven request and is expected to adhd astir 1,000 section jobs implicit the adjacent fewer years.

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Last month, Argus expert Jim Kelleher raised the firm’s terms people connected Applied Materials, Inc. (NASDAQ:AMAT) to $500 from $420 and maintained a Buy standing connected the shares aft the company’s Q2 net beat. Kelleher said Applied Materials appears well-positioned for semipermanent growth, citing cyclical, demographic, and secular factors. Argus besides pointed to request for CPU and GPU configurations for generative AI and agentic AI, on with semiconductor fabrication onshoring.

Applied Materials, Inc. (NASDAQ:AMAT) provides materials engineering solutions, equipment, services, and bundle to the semiconductor and related industries worldwide.

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