Bank of America raised Applied Materials' price target to $720 from $540, expanding its semiconductor TAM forecast to $2.7 trillion by 2030 on AI demand.

Bank of America raised Applied Materials' price target to $720 from $540, expanding its semiconductor TAM forecast to $2.7 trillion by 2030 on AI demand.

Top Wall Street analysts upgraded and downgraded several top companies, including Applied Materials, Robinhood, Liquidia, Airbnb, Praxis, Alnylam, and Uniqure.

Applied Materials stock surged to a record high after getting two price-target hikes. AMAT stock has been on a tear this year.

Applied Materials shares are trading higher by over 11% Monday as analysts lift targets, and chip stocks rally with the Nasdaq-100 up 2.4%.

AMAT stock jumps 3% premarket as analysts hike price targets. Cantor Fitzgerald lifts forecast to $850. Get the latest technical outlook.

Wells Fargo analyst Aaron Rakers raised AMD's price target to $615 from $505, citing strong AI and data center growth projections exceeding 60% annually.