Time: 2024-08-16
Applied Materials , Inc. ( NASDAQ : AMAT ) is set to release its earnings results for the third quarter on Thursday , Aug. 15 . Analysts are expecting the company to report quarterly earnings of .02 per share , an increase from .81 per share in the same period last year . Revenue for the quarter is projected to be .67 billion , according to data from Benzinga Pro.
In recent months , several analysts have maintained their ratings on Applied Materials . Citigroup analyst Atif Malik kept a Buy rating and lowered the price target from 50 to 40 on Aug. 5 . Stifel analyst Brian Chin also maintained a Buy rating and raised the price target from 40 to 75 on July 15 . B. Riley Securities analyst Craig Ellis , Wells Fargo analyst Joseph Quatrochi , and Raymond James analyst Srini Pajjuri all maintained their ratings and adjusted their price targets on different dates.
After reporting better - than - expected financial results for the second quarter , Applied Materials saw a slight increase in its share price , closing at 01.63 on Wednesday . Analysts have been closely monitoring the company 's performance and providing insights on whether to buy or sell AMAT stock . It is essential for investors to consider the latest analyst ratings before making any investment decisions.
Analysts have varying opinions on Applied Materials , with some maintaining Buy ratings and others adjusting their price targets . It is crucial for investors to conduct thorough research and consider expert opinions before investing in the stock market . Stay updated on the latest ratings and recommendations from financial experts to make informed investment choices . Applied Materials continues to be a significant player in the market , and its earnings report will provide valuable insights into the company 's performance and future prospects.
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