RBC Capital Maintains AMAT Outperform, Raises Applied Materials PT to $430 Feb 2026

On February 13, 2026, RBC Capital maintained its Outperform rating on AMAT, Applied Materials, Inc., and raised the price target to $430. The AMAT analyst rating update signals RBC’s confidence in Applied Materials’ exposure to semiconductor process demand. RBC cited stronger near-term demand and favorable tool cycles as drivers for the higher target. At the time of the note the stock was reported down -2.35% ($-8.53) versus the prior close and the company holds a market cap of $281,699,683,724.