B. Riley Securities Rates Applied Materials (AMAT) buy

B. Riley Securities has reaffirmed its buy rating for Applied Materials, Inc. with a price target of $790, a 12.95% upside from the current price.

By TradeTexts Research Desk · Published Jun 26, 2026, 12:01 PM EDT · Updated Jul 1, 2026, 4:02 AM EDT

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B. Riley Securities rated Applied Materials, Inc. ($AMAT) "buy" with a $790 price target on June 26, 2026.

Since the rating, $AMAT is down 5.4% after 1 week, down 17.5% after 1 month and down 34.6% to date (from the $626.17 close on Jun 26, 2026).

AMAT Applied Materials, Inc.

$409.29 +52.77% year to date

Daily close · Oct 16, 2026

Key Points

On June 26, 2026, B. Riley Securities reiterated its buy rating on Applied Materials, targeting $790, as shares are currently priced at $699.39.
B. Riley Securities's $790 price target implies 12.95% upside from Applied Materials, Inc.'s ($AMAT) current $699.39 share price.
Applied Materials has a P/E ratio of 40.0 and is experiencing revenue growth of 24.8% year-over-year.
The average analyst target price for Applied Materials is $640.89, with 35 analysts providing ratings.

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B. Riley's Reaffirmation

B. Riley Securities has reaffirmed its buy rating on Applied Materials, Inc. (AMAT) with a price target of $790. This announcement was made on June 26, 2026, when shares were trading at $699.39.

Analyst rating track record

B. Riley Securities vs. the S&P 500

YTD return +10.74% hypothetical

All-time return +52.81% S&P 500 +17.95%

vs. S&P 500 +34.86% ahead of the index

Hypothetical returns from B. Riley Securities's disclosed trades, not real profit or advice. How we model this.

Comparing Analyst Ratings

B. Riley's target stands out amid a range of recent ratings from other firms. For instance, on October 16, 2026, Needham maintained a buy rating with a lower target of $580. Similarly, Evercore ISI Group also kept its outperform rating but adjusted its target to $590 on October 15, 2026. In contrast, UBS maintained a buy rating, raising its target to $695 on September 1, 2026. This variation in targets highlights differing views on the stock's potential among analysts.

How Applied Materials, Inc. Stock Has Traded

Applied Materials' shares have seen significant movement, with a 52-week high of $739.67 and a low of $196.20. Currently priced at $699.39, the stock is performing near its high, which may influence investor sentiment positively.

12-month forecast

$AMAT price target

Applied Materials, Inc. daily closes and this analyst's $790 target. Not advice.

What Applied Materials, Inc. Does

Applied Materials, Inc. provides equipment and services for the semiconductor industry. With a focus on materials engineering solutions, it plays a crucial role in manufacturing semiconductor wafers and chips. B. Riley’s continued support reflects confidence in the company's growth potential.

What to Watch at Applied Materials, Inc.

Investors should keep an eye on the upcoming earnings report scheduled for November 12, 2026. With B. Riley's reaffirmation, it will be interesting to see how Applied Materials performs in the following quarters. Remember, this 13F filing reflects past holdings and may not represent current positions.