Here's How Much Traders Expect Applied Materials Stock to Move After Earnings

Core Insights - Applied Materials is expected to report a decline in sales and profits year-over-year due to trade headwinds, but analysts anticipate meaningful improvement compared to the previous report in November [1] - The stock has gained nearly 30% since the beginning of the year and over 80% in the last 12 months, driven by strong demand for chips and AI hardware [1] Financial Expectations - The company is projected to report adjusted earnings per share of $2.21, down from $2.38 a year ago, and a 3.8% decline in revenue to $6.89 billion [1] - Options pricing indicates that traders expect Applied Materials shares could move about 6% in either direction after the earnings report, potentially reaching $350 or dropping to around $308 [1] Analyst Sentiment - Analysts from UBS have raised their price target for Applied Materials from $285 to $405, expecting the company to exceed consensus estimates due to "catch-up" sales to China [1] - Among analysts tracked by Visible Alpha, 11 out of 13 have rated the stock as a "buy," with an average price target suggesting an upside of about 11% from the recent close [1]