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

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.

Applied Materials (AMAT) jumped about 54% in June — its best month since 1975 — as AI-driven demand lifted earnings estimates and analysts raised price targets.