Tariff/Trade Dynamics

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Applied Materials Posts Mixed Q2: Weaker Demand Expected Due To Tariff Dynamics, Analysts Cut Price Target
Benzinga· 2025-05-16 15:04
Applied Materials Inc AMAT shares are down in early trading on Friday, after the company reported on Thursday its fiscal second-quarter results.The announcement came amid an exciting earnings season. Here are some key analyst takeaways.JPMorgan On Applied MaterialsAnalyst Harlan Sur maintained an Overweight rating, while cutting the price target from $240 to $210.Applied Materials reported its quarterly revenue at $7.1 billion, down 1% sequentially but higher by 7% year-on-year, Sur said in a note. The reve ...