Citi has added Applied Materials, Inc. to its U.S. focus list and raised its price target on the stock from $190 to $220, while maintaining a 'Buy' rating. This positive action reflects Citi's increasingly bullish stance on U.S. semiconductor equipment stocks.
The firm cited an improving sales outlook for Applied Materials and an unwarranted valuation gap compared to its semiconductor capital equipment peers, Lam Research Corp. and KLA Corp. Citi also lifted its wafer fab equipment (WFE) forecasts for both 2025 and 2026.
This upgrade signals strong analyst confidence in Applied Materials' market position and future performance. The inclusion on Citi's focus list highlights the company as a preferred investment within the semiconductor equipment sector, driven by favorable industry dynamics.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.