Mizuho Financial Group raised its price target for Applied Materials, Inc. (AMATD.BA) to $540 from $500. The firm maintains an Outperform rating. Analysts increased estimates for 2026 and 2027 based on an improved wafer fabrication equipment market outlook. Anticipated growth in AI logic and memory fab capacity drives the updated forecast.
Mizuho cited TSMC’s 2-nanometer production ramps as a primary growth driver. Major manufacturers Samsung and Micron are also increasing capital spending on HBM and DRAM. Consequently, the firm raised its fiscal 2026 and 2027 revenue and earnings per share estimates.
Other analysts share this positive sentiment. Cantor Fitzgerald and TD Cowen recently raised their price targets for the company. These adjustments followed strong quarterly results and guidance.