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Morgan Stanley cuts Applied Materials stock target to $563, raises 2027 forecasts. 2026-09-29 18:46:45 Key takeaways. * Morgan Stanley lowered Applied Materials' price target to $563 from $642 on the 30th while maintaining Overweight rating. * Morgan Stanley raised Applied Materials' 2027 revenue forecast to $50.7 billion and EPS to $20.92 due to stronger NAND demand. * Japan's Kioxia joined Applied Materials' EPIC Center partnership alongside Samsung Electronics and SK Hynix. Morgan Stanley lowered its price target for global semiconductor equipment maker Applied Materials (NAS:AMAT) from $642 to $563 while maintaining an Overweight rating, according to The Street on the 30th. The adjustment came despite the firm raising its 2027 revenue forecast to $50.7 billion and earnings per share (EPS) to $20.92, driven by increased NAND demand and improved gross margin expectations. The new target represents approximately 10% upside from Applied Materials' closing price of $512.01 on the 29th, which rose 5.19% from the previous day. Morgan Stanley raises 2027 revenue and EPS forecasts despite target cut. Morgan Stanley increased its 2027 revenue projection for Applied Materials to $50.7 billion with EPS of $20.92, citing stronger NAND demand and improving gross margins. The firm stated, "The market is positive on Applied Materials, and we agree," adding that it prefers stocks where expectations are less reflected in multiples. The revised target of $563 maintains the Overweight rating despite being lowered from the previous $642 target. Applied Materials stock performance shows strong gains. Applied Materials stock has risen 89% this year and 139% over the past year. The stock closed at $512.01 on the 29th, up 5.19% from the previous day. Morgan Stanley's new $563 target represents approximately 10% upside from this closing price. Kioxia joins Applied Materials EPIC Center partnership. Applied Materials announced on this day that Japan's Kioxia has joined as an innovation partner at its EPIC Center located in Silicon Valley. The EPIC Center serves as a facility for semiconductor process technology and manufacturing equipment R&D collaboration. Samsung Electronics and SK Hynix also participate in the EPIC Center. Faq. What did Morgan Stanley do with Applied Materials stock target on the 30th? Morgan Stanley lowered Applied Materials' price target from $642 to $563 while maintaining an Overweight rating, according to The Street. The firm simultaneously raised its 2027 revenue forecast to $50.7 billion and EPS to $20.92, citing increased NAND demand and improved gross margin expectations. Why did Morgan Stanley cut the target despite positive outlook? Morgan Stanley stated it prefers stocks where expectations are less reflected in multiples, despite agreeing with the market's positive assessment of Applied Materials. The new $563 target still represents approximately 10% upside from the stock's $512.01 closing price on the 29th. Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Can SanDisk avoid the memory trap that's burned investors before? August 30, 2026 Table of Contents Quick read. * SNDK shares have surged 525% YTD as SanDisk and Kioxia commit $31 billion to NAND expansion backed by $91 billion in contracted customer demand. * CEO David Goeckeler says revenue visibility stretched from 3 months a year ago to over 4 years, protected by $16.5 billion in customer financial guarantees. * Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks - and SanDisk didn't make the cut. Grab the names FREE today. SanDisk (NASDAQ:SNDK) and Japanese partner Kioxia said this week they will invest more than $31 billion in Japan over six years to expand NAND flash capacity for the AI era, including roughly $11.3 billion for a new facility at Kioxia's Kitakami plant to produce jointly developed tenth-generation BiCS Flash. This is a joint figure covering both partners, and the company's share has not been disclosed. The plan leans on Japanese government support, so treat it as a proposal at this stage. The reason it matters is that this is a NAND bet, while most AI headlines focus on high-bandwidth memory. NAND is used in enterprise SSDs that store training data, checkpoints, and inference results. Shares closed at $1,484.98 on Friday, up 525.57% year to date, so the market has already priced in significant upside. Why this bet looks different from past NAND cycles. Memory has burned investors before because capacity gets built into peak pricing and arrives during a glut. That history is the single most important context for this deal. What differs now is that SanDisk is locking down demand before pouring concrete. Management said it has signed new business model agreements with eight data center and edge customers, with a weighted average duration of over four years. CEO David Goeckeler put the visibility bluntly: "A year ago, we were talking about visibility in this business of three months," and now the company has "over four years of visibility." Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks - and SanDisk didn't make the cut. Grab the names FREE today. The backlog is real. Remaining performance obligation stood at $59.8 billion and, including two agreements signed after quarter-end, reached $91.1 billion, backed by $16.5 billion in customer financial guarantees. Total minimum expected NBM revenue at floor pricing is $93.9 billion. Those are contracted floor economics tied to fixed volumes. Numbers behind the rally. Fiscal fourth-quarter revenue reached $8.96 billion, up 371.59% year over year, with non-GAAP EPS of $39.25 against a $33.28 estimate. Datacenter revenue rose 437% for the full year, and non-GAAP gross margin expanded to 84.6% from 26.4% a year earlier. Post Views: 3

SanDisk and Japanese partner Kioxia announced plans to invest over $31 billion in Japan over six years to expand NAND flash capacity for AI applications. The investment includes roughly $11.3 billion for a new facility at Kioxia's Kitakami plant to produce tenth-generation BiCS Flash. SanDisk shares closed at $1,484.98 on Friday, up 526% year to date. The company has signed new business model agreements with eight data centre and edge customers, with a weighted average duration of over four years. CEO David Goeckeler said revenue visibility stretched from three months a year ago to over four years. The backlog includes $91.1 billion in remaining performance obligations, backed by $16.5 billion in customer financial guarantees. Fiscal fourth-quarter revenue reached $8.96 billion, up 372% year over year.