Barclays Rates Applied Materials (AMAT) buy, $590 Price Target

Barclays affirmed its 'buy' rating on Applied Materials with a price target of $590 as of June 11, 2026, a 0.72% upside from the current price.

By TradeTexts Research Desk · Published Jun 12, 2026, 9:13 PM EDT · Updated Jun 16, 2026, 12:02 PM EDT

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Barclays rated Applied Materials, Inc. ($AMAT) "buy" with a $590 price target on June 11, 2026.

Since the rating, $AMAT is up 11.7% after 1 week, up 4.1% after 1 month and down 25.9% to date (from the $552.05 close on Jun 11, 2026).

AMAT Applied Materials, Inc.

$409.29 +52.77% year to date

Daily close · Oct 16, 2026

Key Points

On June 11, Barclays reiterated its 'buy' rating on Applied Materials, Inc. with a target price of $590, as the stock trades at $585.78.
Barclays's $590 price target implies 0.72% upside from Applied Materials, Inc.'s ($AMAT) current $585.78 share price.
The average analyst target for Applied Materials stands at $640.89, with a consensus recommendation of 'strong buy' among 35 analysts.
Applied Materials currently has a P/E ratio of 40.02 and a market cap of approximately $368.4 billion.

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Barclays Affirms Buy Rating on Applied Materials

On June 11, 2026, Barclays reiterated its 'buy' rating on Applied Materials, Inc. (AMAT) with a price target set at $590. The stock is currently trading at $585.78 on the NasdaqGS exchange.

What Changed in Barclays' View

Barclays maintained its bullish outlook, keeping the price target at $590 for Applied Materials. This decision reflects confidence in the company's growth in the semiconductor equipment sector, particularly as it continues to lead in materials engineering solutions.

Analysts Set New Price Targets

The average price target for Applied Materials among analysts is now $640.89, with a strong buy consensus from 35 analysts. Recently, Needham maintained a Buy rating with a target of $580, while Evercore ISI also kept an Outperform rating with a target of $590. RBC Capital reiterated its Outperform rating, holding its target steady at $600.

How Applied Materials, Inc. Stock Has Traded

Applied Materials’ shares are positioned close to the middle of their 52-week range, which spans from $196.20 to $739.67. The stock's current price of $585.78 is just below Barclays' target, indicating potential for upside as analysts project the stock will continue to perform well in the semiconductor sector.

12-month forecast

$AMAT price target

Applied Materials, Inc. daily closes and this analyst's $590 target. Not advice.

What Applied Materials, Inc. Does

Applied Materials provides equipment and software solutions for the semiconductor industry. With a market cap of around $368.4 billion, the company is a key player in materials engineering, supporting manufacturers of semiconductor wafers and chips.

What's Ahead for Applied Materials, Inc.

Investors will be monitoring Applied Materials closely as its next earnings report is scheduled for November 12, 2026. The recent 13F filings reflect past performances and may not represent current positions, so it's crucial to stay updated on any future analyst moves or filings.