JPMorgan keeps Applied Materials at Overweight but cuts target to $500
JPMorgan maintained its Overweight rating on Applied Materials while lowering the price target from $660 to $500. The data was reported by TradingView.
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what happened
According to TradingView, JPMorgan kept its Overweight rating on Applied Materials but reduced its price target by 24.2%, from $660 to $500. The new target implies a 31.3% gain from the November 12 close of $380.95.
Among the five most recent analyst notes on the stock over the past 30 days, price targets range from $500 to $640. Mizuho lists $510, UBS $640, Wells Fargo $500, RBC Capital $600 and TD Cowen $500. The rating data is provided by Benzinga.
why it matters
Updates like this one mostly reflect how brokers assess a stock's valuation rather than new company results. Investors often compare the spread of targets across banks, and here it is wide, from $500 to $640, which shows that analysts disagree on the shares.
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sources
- JP Morgan maintains Applied Materials at Overweight, lowers price target to $500 from $660 — TradingView, 13 November 2026 at 19:57 UTC
- JP Morgan maintains Brookfield at Overweight, lowers price target to $64 from $65 — TradingView, 13 November 2026 at 20:07 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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