Forecast Of The Day: Applied Material’s Global Services Revenues

+41.44%
Upside
86.00
Market
122
Trefis
AMAT: Applied Materials logo
AMAT
Applied Materials

What?

Applied Material’s (NYSE:AMAT) Global Services Revenues rose from around $3.85 billion in 2019 to about $4.16 billion in 2020. Trefis expects the metric to rise further to about $5.4 billion in 2021 and to almost $6 billion in 2022.

Why?

Relevant Articles
  1. Applied Materials Stock Jumped More Than 3.5x Since 2018: Here’s Why
  2. Forecast Of The Day: Applied Materials Silicon Systems Revenue
  3. Here’s What Drove Applied Materials Stock’s 4x Rise Since 2018
  4. Read This If You Think Applied Materials Stock Is Your Best Semiconductor Bet
  5. Forecast Of The Day: Applied Materials Global Services Revenue
  6. Will These Cyclical Stocks Outperform As The Markets Sell Off?

Semiconductor manufacturers are looking to cut costs and improve efficiencies and this could drive demand for Applied’s integrated solutions, which help to optimize equipment and fab performance and productivity.

So What?

We think Applied stock is slightly undervalued at current levels. We value the stock at about $150 per share, which is about 10% ahead of the current market price.

See Our Complete Analysis For Applied Materials

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since 2016.

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates