Morgan Stanley cuts target for Applied Materials stock to USD 563

Published on 10/01/2026 at 13:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal third-quarter revenue rose 24.80 percent to USD 9.12 billion. Applied Materials stock costs EUR 461.68 on October 1, 2026, versus EUR 454.13.

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Applied Materials stock (ISIN US0382221051) was trading at EUR 461.68 at Lang & Schwarz on October 1, 2026, up 1.66 percent versus the prior close of EUR 454.13. According to TheStreet on September 28, 2026, Morgan Stanley cut its price target from USD 642.00 to USD 563.00 while retaining an Equal-weight rating.

Target cut meets stronger estimates

Morgan Stanley raised its 2027 revenue forecast for Applied Materials to USD 50.70 billion and its 2027 earnings-per-share forecast to USD 20.92, according to TheStreet on September 28, 2026. The change therefore separates operating expectations from valuation: the forecast rose while the target multiple fell from 26 times to 22 times.

The revised USD 563.00 target remains above the September 28 reference price cited by TheStreet, but the article also records Morgan Stanley's Equal-weight view. For investors, the central tension is measurable: better expected revenue and earnings are being balanced against a lower valuation multiple.

Quarterly figures reset the debate

MarketBeat reported that Applied Materials generated USD 9.12 billion in revenue in fiscal third-quarter 2026, up 24.80 percent year over year. The same report cited USD 3.50 in earnings per share against USD 3.40 consensus, while revenue exceeded the USD 8.99 billion consensus estimate.

The company also provided fiscal fourth-quarter 2026 earnings-per-share guidance of USD 3.82 to USD 4.22, according to MarketBeat. That range gives the target cut a concrete counterweight: near-term earnings expectations remain higher than the latest reported quarter, even as valuation discipline has tightened.

Euro quote advances in trading

Applied Materials was trading at EUR 461.68 at Lang & Schwarz on October 1, 2026 at 1:45 p.m. CEST, up 1.66 percent from the Lang & Schwarz prior close of EUR 454.13. The primary listing is on NASDAQ in USD, while the euro quotation provides the relevant reference for German investors.

The further course of trading is shown by the continuously updated real-time quote of Applied Materials stock.