Key Stats for Applied Materials Stock

• Price change for Applied Materials stock: -7%
• $AMAT Stock Price as of Jul. 6: $593
• 52-Week High: $740
• $AMAT Stock Price Target: $587

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What Happened?

Applied Materials (AMAT) stock is down after Morgan Stanley raised its price target from $502 to $647. That implies more than 12% upside from today’s price.

Morgan Stanley kept an “equal weight” rating, but the big jump in target price is still turning heads.

• Beyond Morgan Stanley, Stifel Nicolaus set a $530 target back in May,
• HC Wainwright went as high as $850 in late June,
• B. Riley…