Applied Materials Earnings Preview: Mixed Analyst Sentiment Ahead of Q4 Report
Semiconductor equipment Maker Applied Materials faces divergent Wall Street expectations as its November 13 earnings date approaches. While Morgan Stanley maintains a Buy rating with a $256 price target, Barclays' Hold recommendation suggests AI-related gains may already be priced in.
The company's projected $2.11 EPS and $6.68 billion revenue represent year-over-year declines from 2022's $2.32 EPS and $7.04 billion revenue. This earnings report could prove pivotal for investor perception in the semiconductor sector, particularly regarding AI-driven growth narratives.