Applied Materials (AMAT) PT Raised to $62 at Susquehanna
Tweet
Share
E-mail
Get Alerts AMAT Hot Sheet
Price: $585.88 -8.48%
Rating Summary:
38 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
Rating Summary:
38 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
Join SI Premium – FREE
Susquehanna analyst Mehdi Hosseini raised his price target on Applied Materials (NASDAQ: AMAT) to $62.00 (from $42.00) while maintaining a Neutral rating after the company's October-quarter report and January-quarter guide exceeded consensus.
Hosseini said while AMAT continues to execute on all fronts, they are more intrigued by Display momentum as it now accounts for >30% of backlog and 12-14% of overall revenue vs. single digits a few years ago.
They are raising FY18 revenue estimate from $15.27b to $17.0b, and FY18 EPS from $3.45 to $4.21.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Natera (NTRA) PT Raised to $270 at BTIG
- Alaska Air (ALK) PT Raised to $62 at UBS on Updated Q2 Estimates
- Delta Air Lines (DAL) PT Raised to $107 at UBS Ahead of Q2 Results
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Susquehanna International Group of CompaniesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
