Applied Materials Review by Berenberg Bank
<p>Berenberg Bank analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/AMAT'>Applied Materials, Inc. (NASDAQ:AMAT)</a>, maintaining their buy rating and $205 price target, and noting that the gradual easing of the ongoing supply chain and logistics disruption will help lift investor sentiment.</p>
<p>According to the analysts, the company has the widest range of products of the semi equipment players, and therefore tracks the cycle closely. Investors are concerned and expect a downturn, but the analysts believe that the supply chain challenges are delaying it. </p>
<p>The analysts think that all of the semi equipment companies have a large backlog due to be shipped over the coming year and do not believe the technology shrinkage roadmap will have to be paused, as leading-edge-chip demand remains high and the utilization rate of leading-edge capacity remains tight.</p>
<p>The analysts expect legacy-edge node investment to continue because of underinvestment over the past few years, while both Europe and China are building up their local semi-manufacturing facility.</p>

NASDAQ:AMAT