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Among the most bullish analysts covering Applied Materials is five-star Cantor Fitzgerald analyst C.J. Muse. The analyst recently reiterated a Buy rating on AMAT stock and increased his price target to a Street-high of $575 from $550. That updated target implies a potential 33% upside for the shares.
Why Is Muse So Bullish on AMAT Stock?
Muse’s bullish outlook comes after Applied Materials delivered what the analyst described as a strong quarterly report driven by AI-related demand across leading-edge foundry, DRAM, and advanced packaging markets.
According to Muse, Applied Materials is benefiting from multiple long-term AI infrastructure trends simultaneously. The analyst noted that the company significantly increased its CY26 Silicon growth outlook, signaling continued multi-year wafer fabrication equipment (WFE) expansion as semiconductor manufacturers race to build more advanced AI chips. Muse also highlighted improving margins and operating leverage at Applied Materials, which he believes supports a stronger long-term earnings trajectory extending into 2027 and 2028.
