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1 Wall Street Analyst Thinks Applied Materials Stock Is Going to $160. Is It a Sell?

TheMotleyFool

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Investors in semiconductor chip equipment maker Applied Materials (NASDAQ: AMAT) had a fantastic day on Friday, as a powerful earnings beat added billions of dollars to the value of their company. At least a dozen separate analysts raised their price targets on Applied Materials stock in response to the "beat," but one rating stands out:

On Friday, Susquehanna Financial Group analyst Mehdi Hosseini raised his price target to $160 per share, as StreetInsider.com reports.

And this implies that Applied Materials stock may go down 22%.

Source Fool.com

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