Latest Analyst Views on Coatue’s Favorite 33 AI Stocks

Page 15 of 33

19. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Hedge Fund Holders: 80

Mizuho analyst Vijay Rakesh recently lowered the price target on Applied Materials, Inc. (NASDAQ:AMAT) to $195 from $205 and kept an Outperform rating on the shares. AMAT provides equipment, services, and software for the semiconductor industry. The company reported an in-line quarter but faces headwinds in China, the analyst tells investors in a research note.

Page 15 of 33