Applied Materials stock jumps as Wall Street lifts targets — what AMAT traders watch next
Applied Materials shares rose about 2% to $328.95 Monday after Morgan Stanley and UBS raised their price targets to $364 and $405, respectively, ahead of next week’s earnings. The company warned U.S. export restrictions will cut China sales by $600 million in fiscal 2026. Fiscal Q1 results are due Feb. 12.