Applied Materials stock rebounds after Citi’s $400 target and a Taiwan order — earnings next
Applied Materials shares rose 2.1% to $303.99 Thursday after Citi raised its price target to $400, citing stronger chipmaker spending. Winbond Electronics spent T$7.45 billion on Applied Materials equipment. The stock rebounded after a 6.6% drop Wednesday. Investors await Applied’s earnings and delayed U.S. macro data next week.