Applied Materials (AMAT) Stock Increases 6%; What’s Next?

 

Applied Materials, Inc. (AMAT) stock is up 6% Friday morning. AMAT stock is lower by -20% over the last 12 months, and the average rating from Wall Street analysts is a Moderate Buy. Stock Score Report, InvestorsObserver’s proprietary scoring system, gives AMAT stock an overall score of 63 out of a possible 100.

That score is primarily influenced by a short-term technical score of 79. AMAT’s score also includes a fundamental score of 63. In addition to the average rating from Wall Street analysts, AMAT stock has a mean target price of $48.50. This means analysts expect the stock to increase 9.88% over the next 12 months. The long-term technical score for AMAT is 48.

Click Here to get the full Stock Score Report on Applied Materials, Inc. (AMAT).

What’s Happening with AMAT Stock Today

Applied Materials, Inc. (AMAT) stock has risen 5.94% while the S&P 500 is higher by 0.18% as of 11:12 AM on Friday, May 17. AMAT is higher by $2.47 from the previous closing price of $41.66 on volume of 9,180,508 shares. Over the past year the S&P 500 has gained 5.85% while AMAT is lower by -19.99%. AMAT earned $4.31 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.24.

Symbols: AMAT

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