KeyBanc Raises Applied Materials (AMAT) Target to $380, Keeps Overweight Rating

Applied Materials, Inc. (NASDAQ:AMAT) is one of the AI Stocks on Market Radar. On January 16, KeyBanc raised the price target on the stock to $380.00 (from $285.00) while maintaining an “Overweight” rating.  The firm sees AMAT well-positioned for vertical scaling and DRAM-driven capacity growth. KeyBanc noted that AMAT’s valuation is reasonable even though it has lagged peers such as KLA and Lam Research in multiple expansions. It attributed this underperformance to the company’s higher exposure to traili ...