BUZZ-<a href="https://laohu8.com/S/AMAT">Applied</a> Materials down; <a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> expects co to grow in line with chipmaking tools** Shares of chipmaking tools supplier Applied Materials AMAT.O down 1.2% at $318.35 premarket
** Morgan Stanley notes current market perception implies AMAT will continue to undergrow wafer fabrication equipment (WFE), but says it expects AMAT to grow roughly in-line with WFE
** Raises PT to $364 from $273, a ~13% upside to stock's last close
** To sustainably outgrow WFE, co would need either a rebound in its ICAPS segment, which covers a broad range of chips including mature and specialty devices, or a material outpeformance in leading-edge logic and DRAM businesses - Brokerage
** Co is scheduled to report Q1 results on February 12 after market close
** AMAT rose ~58% in 2025
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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.
