Applied Materials is trading 4.09% higher at $506.68 on September 29, 2026; the reason for the gain remains unclear.
- On September 28, Morgan Stanley cut its price target to $563 from $642 and maintained Equal-weight, while raising its 2027 revenue forecast. The mixed analyst note does not clearly explain the gain.
- Semiconductor stocks were under pressure and broader indices were mixed, so the supplied sector context does not clearly account for Applied Materials’ rise.