Applied Materials shares rose 1.1% in late trading Friday, after Deutsche Bank upgraded the stock from "Hold" to "Buy" and raised its price target from $275 to $390. Deutsche Bank stated that the rating upgrade reflects its more optimistic outlook on the wafer fabrication equipment (WFE) environment for 2026 and 2027.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments