RBC Sticks With Outperform on Applied Materials, Points to Strong Secular Tailwinds
RBC Capital has reiterated an Outperform rating on Applied Materials with a $385 price target, citing the company’s advantaged position across memory, packaging and advanced logic segments. Trading at $326.74 and up roughly 81.79% over the past year from a 52-week low of $123.74, the stock is flagged by InvestingPro data as trading above its Fair V…