🟢 Applied Materials is trading 3% up today as Needham raises price target to $740

Applied Materials is trading 3% up at $606.55 following a significant price target increase from Needham.

• Needham raised its price target from $530 to $740 while maintaining a Buy rating, citing strong AI-driven demand for semiconductor equipment.
• The stock is benefiting from broader sector strength and positive outlooks for wafer-fab tools, helping it rebound from recent market volatility.