Goldman Sachs: Applied Materials (AMAT.US) Q4 demonstrates solid performance, with DRAM and advanced packaging driving accelerated growth in 2027

According to Golden Ten Data APP, Goldman Sachs released a research report on November 12, indicating that Applied Materials (AMAT.US) delivered a solid quarterly financial report, with its performance guidance exceeding Wall Street expectations. Against the backdrop of a recent sector-wide pullback, Goldman Sachs believes that investors' previous portfolio allocations were relatively aggressive, and positive comments from peers have set a good tone for the WFE (Wafer Fab Equipment) market. Goldman Sachs is confident that Applied Materials is well-positioned to gain market share amid accelerated WFE growth expected in 2027. The firm maintains a "Buy" rating on Applied Materials but lowers its 12-month price target from $670 to $580, mainly due to a reduction in the valuation multiple (with the price-earnings ratio lowered from 32x to 28x).