Cantor Fitzgerald Raises its Price Target on Applied Materials (AMAT)

Applied Materials, Inc. (NASDAQ:AMAT) is one of the Top 10 Strong Buy Stocks to Invest In.

On June 10, 2026, Cantor Fitzgerald raised the firm’s price target on Applied Materials, Inc. (NASDAQ:AMAT) to $650 from $575 and maintained an Overweight rating on the shares. Cantor said the semiconductor equipment industry is in the “early innings of a multi-year supply-constrained and durable upcycle.” The firm said the outlook has improved over the last three months, with bookings visibility beginning to extend into 2028, and identified leading-edge foundry and logic as the primary wafer fab equipment growth driver.

Also on June 10, Applied Materials, Inc. (NASDAQ:AMAT) expanded its manufacturing and R&D operations in Singapore to support the global build-out of AI infrastructure. The company said its new $500M Tampines Campus more than doubles its advanced cleanroom capacity in Singapore and is already operating at volume production. Applied Materials said the facility is focused on serving chipmakers expanding production to meet AI-driven demand and is expected to add approximately 1,000 local jobs over the next few years.

Cantor Fitzgerald Raises its Price Target on Applied Materials (AMAT)

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Last month, Argus analyst Jim Kelleher raised the firm’s price target on Applied Materials, Inc. (NASDAQ:AMAT) to $500 from $420 and maintained a Buy rating on the shares after the company’s Q2 earnings beat. Kelleher said Applied Materials appears well-positioned for long-term growth, citing cyclical, demographic, and secular factors. Argus also pointed to demand for CPU and GPU configurations for generative AI and agentic AI, along with semiconductor fabrication onshoring.

Applied Materials, Inc. (NASDAQ:AMAT) provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries worldwide.

While we acknowledge the risk and potential of AMAT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMAT and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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