New Buy Rating for Applied Materials (AMAT), the Technology Giant
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According to TipRanks, Ellis is a top 100 analyst with an average return of 33.2% and a 57.11% success rate. Ellis covers the Technology sector, focusing on stocks such as Camtek, Formfactor, and Lam Research. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Applied Materials with a $208.58 average price target, a -8.41% downside from current levels. In a report released on October 15, Bernstein also maintained a Buy rating on the stock with a $195.00 price target.
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