Morgan Stanley (NYSE:MS) analyst Joseph Moore maintained a Hold rating on Applied Materials (NASDAQ:AMAT) on Wednesday, setting a price target of $160, which is approximately 8.31% above the present share price of $147.73.
Moore expects Applied Materials to post earnings per share (EPS) of $1.91 for the fourth quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in Applied Materials, with an average price target of $171.86.
The analysts price targets range from a high of $200 to a low of $130.
In its latest earnings report, released on 10/31/2021, the company reported a quarterly revenue of $6.12 billion and a net profit of $2.01 billion. The company's market cap is $133.39 billion.
According to TipRanks.com, Morgan Stanley analyst Joseph Moore is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.8% and a 59.84% success rate.
Founded in 1967, Applied Materials, Inc. is a California-based company which provides manufacturing equipment, services, and software solutions to the semiconductor, display, and related industries to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.