Analysts Raise Applied Materials’ Price

Jahanara Nissar is a New York City technology specialist who serves as the managing partner of Lynx Equity Strategies. A leading voice in her field, Jahanara Nissar, in tandem with KC Rajkumar, raised the Applied Materials, Inc., price target in late November 2021 from $140 to $200.

This price change reemphasized a “buy” rating and reflected a potential 35-percent upside of a company whose shares have remained relatively constant, at the $140 level, since April’s investor day. With Applied Materials’ reported Q4 FY21 revenue at $6.12 billion, the year-on-year increase of 31 percent. With supply chain issues cited, the company notably failed to hit the $6.34 billion consensus.

Headquartered in Silicon Valley, Applied Materials ranks among the top companies worldwide in materials engineering, spanning semiconductor, solar photovoltaic, and flat panel displays. Its capability to transform materials at atomic levels for industrial-scale use positions the company positively in several technology verticals.