What exactly did RBC Capital change for AMAT on February 13, 2026?

RBC Capital maintained an **Outperform** rating on AMAT and raised the price target from **$385** to **$430**. The AMAT analyst rating note highlighted stronger tool demand and favorable near-term cycles as reasons for the change.

How should investors interpret the AMAT analyst rating maintenance?

A maintained **Outperform** means RBC expects AMAT to outperform peers over 12 months. The AMAT analyst rating is a bullish signal but not a guarantee; investors should confirm with orders and earnings data before adding exposure.

Does the new price target affect short-term trading for AMAT?

A higher **$430** price target provides longer-term upside context, but the AMAT analyst rating change did not prevent short-term volatility. Traders should manage risk and watch next quarter’s orders and guidance.

Analyst Ratings

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

ByHuzaifa Zahoor February 16, 2026February 16, 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.