Forecast Of The Day: Applied Materials Silicon Systems Revenue

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

What?

Applied Material’s (NASDAQ:AMAT) Silicon Systems Revenue rose from around $9 billion in 2019 to $16.3 billion in 2021. Trefis expects the metric to grow to over $21.5 billion by 2023.

Why?

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Growth is being driven by stronger capital spending by semiconductor manufacturers, who are seeing demand and pricing for logic and memory chips rise.

So What?

We think Applied stock is undervalued at current levels. We value AMAT at $165 per share, 35% ahead of the current market price.

See Our Complete Analysis For Applied Materials

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Returns Apr 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 AMAT Return -10% -25% 267%
 S&P 500 Return -1% -6% 101%
 Trefis MS Portfolio Return 0% -8% 262%

[1] Month-to-date and year-to-date as of 4/8/2022
[2] Cumulative total returns since the end of 2016

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