Bernstein Maintains a Buy Rating on Applied Materials (AMAT), Sets a $195 PT

Applied Materials, Inc. (NASDAQ:AMAT) is one of the best stocks to invest in for the long term. In a report released on August 15, Stacy Rasgon from Bernstein maintained a Buy rating on Applied Materials, Inc. (NASDAQ:AMAT) with a price target of $195.00.

The rating update came after Applied Materials, Inc. (NASDAQ:AMAT) released its fiscal Q3 2025 results on August 14, reporting record revenue of $7.30 billion, up 8% year-over-year.

GAAP EPS for the quarter was $2.22, along with record non-GAAP EPS $2.48, reflecting a growth of 8% and 17% year-over-year, respectively.

Applied Materials, Inc. (NASDAQ:AMAT) also reported a GAAP gross margin of 48.8% and a non-GAAP gross margin of 48.9%.

Applied Materials, Inc. (NASDAQ:AMAT) provides manufacturing equipment, software, and services to the semiconductor and related industries. It operates through the Semiconductor Systems, Applied Global Services, and Display & Adjacent Markets segments.

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Disclosure: None. This article is originally published at Insider Monkey.