Cantor Fitzgerald Keeps Overweight Rating on Applied Materials (AMAT), $225 PT

Applied Materials, Inc. (NASDAQ:AMAT) is one of the best performing NASDAQ stocks according to hedge funds. On October 3, Cantor Fitzgerald maintained its Overweight rating on Applied Materials with a $225 price target. The firm stated that Applied Materials addressed the messaging issues (related to China-related concerns) but signaled that the expected financial impact was minor, estimating a 2% effect on fiscal year 2026 revenues. Cantor Fitzgerald slightly lowered its 2026 earnings per share estimate f ...