Applied Materials, Inc. (NASDAQ:AMAT) is a leading company in the semiconductor industry, specializing in the production of chipmaking equipment. The company plays a crucial role in the electronics sector, providing essential tools for manufacturing semiconductors. As of January 27, 2026, Vijay Rakesh from Mizuho Securities set a price target of $370 for AMAT, suggesting a potential upside of 11.21% from its current trading price of $332.71.

Recently, AMAT has gained significant attention from investors, as highlighted by Zacks.com. Over the past month, AMAT shares have surged by 21.4%, outperforming the Zacks S&P 500 composite, which only increased by 0.4%. This impressive performance contrasts with the Zacks Electronics - Semiconductors industry, which saw a decline of 1.1% during the same period. This indicates strong investor interest and confidence in AMAT's growth potential.

The stock's current price of $332.71 reflects a 4.15% increase, or $13.25, on the day. It has fluctuated between a low of $323.29 and a high of $336.40, marking its highest price over the past year. The lowest price for AMAT in the past year was $123.74, showcasing significant growth. The company's market capitalization stands at approximately $265.05 billion, indicating its substantial presence in the market.

Trading volume for AMAT on the NASDAQ exchange is 7,993,445 shares, reflecting active investor participation. While media releases or rumors can cause immediate stock price fluctuations, fundamental factors like earnings estimate revisions are crucial for long-term investment decisions. Zacks emphasizes evaluating changes in a company's future earnings projections to guide investment strategies, highlighting the importance of AMAT's financial performance in determining its stock trajectory.