Applied Materials (AMAT) Stock: A Leader in the Rise

Applied Materials, Inc. (NASDAQ:AMAT) stock is one of the leaders in the rise. KeyBanc raised the price target on Applied Materials to $750 and maintained an 'Overweight' rating on the shares. The company told investors that expectations for the Semicap/EMS/OSAT group have grown ever higher heading into fiscal Q2 earnings, potentially increasing risk around results. Additionally, with valuations where they are, the company believes that for share prices to increase from current levels, investors will need to see beats, management commentary that supports continued positive out-year revisions, and guidance that comes in above consensus.