AMAT price target raised to $540

What happened: Cantor Fitzgerald, BofA, Wells Fargo, and Citi raised their price targets for Applied Materials (AMAT) between May and June 2026, from $540 to $720, citing bullish sentiments. Barclays and Mizuho also increased their targets to $590 and $540, respectively. AMAT was included in various 'best stocks' lists, such as 'Top 10 Strong Buy', '10 Best Semiconductor Stocks', and '10 All-Time High Stocks'.

Market impact: The semiconductor industry is positively affected, with AMAT's peers like Intel and AMD potentially benefiting from increased investor confidence. The supply gap in semiconductors, as highlighted by Citi, may drive further growth. AMAT's inclusion in billionaires' portfolios signals institutional confidence, which could attract more investors to the sector.

What to watch next: AMAT's Q3 2026 earnings report on July 25, 2026, will provide insights into its financial health. The semiconductor industry's performance at the upcoming Semicon West conference (July 11-13, 2026) could influence AMAT's stock price. Additionally, any updates on AMAT's capital expenditure plans or dividend policy will be crucial to monitor.