Applied Materials stock drops despite Stifel’s $340 target hike — what AMAT investors watch next
New York, Jan 14, 2026, 11:55 ET — Regular session Applied Materials slipped 1.8%, hitting $299.25 by midday Wednesday, despite Stifel lifting its price target from $250 to $340. Stifel analyst Brian Chin cited “bullish” field checks in recent weeks and now projects wafer fab equipment spending to rise 10%-15% in calendar 2026.