Applied Materials' Target Price Raised: What to Expect in the Future?

Applied Materials, Inc. (NASDAQ:AMAT) has had its target price raised by Susquehanna to $900. This increase indicates the company's growth potential and the extension of its SCE backlog beyond one year, with WFE expected to reach as high as $300B. Applied Materials has raised its estimates for 2026 and 2027, and has introduced 2028 projections based on $250B WFE. The company provides materials engineering solutions for the production of semiconductors and focuses on the design, production, development, and servicing of critical wafer fabrication tools. Applied Materials has introduced new chipmaking systems to build advanced 3D chip architectures that power next-generation AI. Dr. Prabu Raja, President of the Semiconductor Products Group at Applied Materials, stated that transistor and materials technologies are becoming essential in DRAM. Applied Materials is uniquely positioned to drive this transition in DRAM with its epitaxy leadership. The company's stock performance is closely tied to the demand for its new chipmaking systems and WFE.