Applied Materials stock rallies again after Barclays upgrade — what AMAT bulls are watching next
Applied Materials shares rose 2.5% to $327.01 Friday after Barclays upgraded the stock and raised its price target to $360, citing stronger memory spending. The stock closed about 1.2% below its 52-week high and was little changed after hours. Chip-equipment peers also gained following strong results from TSMC. Applied Materials reports earnings Feb. 12.