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Update: BofA Securities Raises Applied Materials Price Target to $540 From $465, Maintains Buy Rating

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(Updated to include BofA's commentary)

BofA Securities raised its price target on Applied Materials (AMAT) to $540 from $465 following its fiscal Q2 results.

The brokerage highlighted the solid beat, with the demand broadening across the company's most strategic markets, and management's unprecedented visibility into 2027/28, with customers providing rolling eight-quarter forecasts.

It also mentioned the company's improving margin/FCF profile, with Semi Systems gross margin already approaching 55% and overall gross margin crossing 50%.

Applied Materials has an average rating of Buy and mean price target of $512.07, according to analysts polled by FactSet.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Price: $434.21, Change: $-6.35, Percent Change: -1.44%

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