Applied Materials (AMAT) Stock Upgraded to Buy as BofA Targets $250 on DRAM Strength

Core Viewpoint - Bank of America upgraded Applied Materials, Inc. (NASDAQ:AMAT) to "Buy" from Neutral with a price target of $250, citing attractive valuation and growth prospects in wafer fab equipment (WFE) for 2026, driven by strong DRAM investments [1][3] Group 1: Company Overview - Applied Materials, Inc. is a leader in materials engineering solutions, providing manufacturing equipment, services, and software to the semiconductor, display, and related industries [3] Group 2: Financial Estimates - Bank of America raised its WFE growth estimates for calendar years 2025 and 2026 by 6% and 9%, respectively [2]