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D.A. Davidson & Co. Expects F4Q Relative Outperformance From Applied Materials

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In a report published Friday, D.A. Davidson & Co. analyst Thomas Diffely reiterated a Buy rating and $27.00 price target on Applied Materials (NASDAQ: AMAT).

In the report, D.A. Davidson & Co. noted, “AMAT is scheduled to report F3Q (Jul) earnings on Thursday, August 14th, after the market close, with a conference call to follow at 1:30pm PT/4:30pm ET. We expect results to meet or slightly exceed our consensus-matching revenue and EPS estimates of $2,275 million (down 3% q/q) and $0.26 per share, respectively. Relative strength in Foundry and DRAM was likely offset by NAND and Logic. Service and solar were likely up, offsetting a decline in the lumpy Display segment.”

Applied Materials closed on Thursday at $20.69.

Latest Ratings for AMAT

DateFirmActionFromTo
Dec 2016Goldman SachsDowngradesBuyNeutral
Oct 2016Goldman SachsMaintainsBuy
Aug 2016UBSMaintainsBuy

View More Analyst Ratings for AMAT
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Posted-In: D.A. Davidson & Co. Thomas DiffelyAnalyst Color Reiteration Analyst Ratings

 

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