Alert: Rating Upgrade (12/22/23)-Applied Materials Inc (NASDAQ: AMAT).


Stock Rating Upgrade

During the last several trading days the Value Trend Rating for Applied Materials Inc (NASDAQ: AMAT) improved from C to B reflecting improving fundamentals and high Appreciation Potential.


Recent Price Action

Applied Materials Inc (NASDAQ: AMAT) stock rose modestly by 0.4% on 12/22/23. The stock closed at $162.05. However, trading volume in this advance was exceptionally low at 48% of normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.

Current PriceTarget Research Rating

AMAT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Applied Materials has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Applied Materials has a neutral Appreciation Score of 52 but a very high Power Rating of 89, resulting in the Positive Value Trend Rating.

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