Citi Raises Applied Materials' Stock Price Target Amid Increased Wafer Fab Equipment Demand

Citi analyst Atif Malik raised the price target for Applied Materials from $420 to $520, citing increased wafer fab equipment demand through 2027. The upgrade also highlights potential unmodeled opportunities linked to Tesla and SpaceX's Terafab project.

By Mwangi Enos · TheStreet · May 13, 2026, 14:33 UTC

Tickers: $AMAT $C $TSLA

Topics: Applied Materials Citi price target upgrade wafer fab equipment demand

Read the full article at TheStreet

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