Applied Materials stock gains 3.02 percent above its Xetra close

Published on 10/26/2026 at 16:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Needham's target is USD 580.00 on October 16, 2026. Applied Materials stock costs EUR 351.08 on October 26, 2026, up 3.02 percent versus the Xetra close.

Needham target cut and market move

Needham cut its Applied Materials target from USD 740.00 to USD 580.00 on October 16, 2026.
Applied Materials reported USD 9.12 billion in quarterly revenue and 24.8 percent year-over-year growth.
Applied Materials stock costs EUR 351.08 at Lang & Schwarz on October 26, 2026 at 4:39 p.m. CEST, 3.02 percent above the Xetra close of October 23, 2026.
The company has a USD 310.5 billion market capitalization and a 33.77 price-to-earnings ratio.

Applied Materials, US0382221051, Illustration mit AI erstellt.

Applied Materials stock (ISIN US0382221051) was trading at EUR 351.08 at Lang & Schwarz on October 26, 2026 at 4:39 p.m. CEST, up 3.02 percent versus the Xetra close of October 23, 2026 at EUR 340.80. Needham lowered its target for Applied Materials from USD 740.00 to USD 580.00 on October 16, 2026, while maintaining a Buy rating, as MarketBeat reported.

Needham resets the valuation marker

The target reduction puts the latest Nasdaq quote in a different valuation frame. The stock was last at USD 391.30 on October 26, 2026 at 11:46 a.m. ET, while USD 580.00 is 32.53 percent above that price. Needham's maintained Buy rating therefore sits alongside a materially lower target than the earlier USD 740.00 level.

What does the recent quarter add?

Applied Materials reported USD 9.12 billion in revenue for the quarter released on August 13, 2026, up 24.80 percent from the prior year, according to MarketBeat. The company also reported earnings per share of USD 3.50 against a USD 3.40 consensus estimate. That combination gives the valuation discussion an operating reference beyond the share price.

Price position and valuation

The primary Nasdaq quote had a 52-week range of USD 203.40 to USD 739.67 on October 26, 2026. The USD 391.30 quote stood 47.10 percent below the 52-week high and 92.47 percent above the low. Trading volume was 2,276,107 shares at 11:46 a.m. ET.

Applied Materials had a USD 310.5 billion market capitalization and a 33.77 price-to-earnings ratio on October 26, 2026. The comparison matters because the Needham target is expressed in USD, while the German-market indication is expressed in EUR and uses the Xetra close for its daily change.

Stock move in the German session

The euro quotation moved more than 3.00 percent above the previous Xetra session's close by the late afternoon. The next material checkpoint is the company's next reported operating update, while the current valuation debate still centers on whether quarterly revenue growth can support the analyst target range.

Applied Materials stock at EUR 351.08

Applied Materials was trading at EUR 351.08 at Lang & Schwarz on October 26, 2026 at 4:39 p.m. CEST, up 3.02 percent versus the Xetra close of October 23, 2026 at EUR 340.80. The further course of trading is shown by the continuously updated real-time quote of Applied Materials stock.