LIVEMarkets rolling coverageStarted: May 15, 2026, 12:00 AM EDTUpdated: May 15, 2026, 7:02 AM EDT Wolfe Research Boosts Applied Materials Price Target to $550 on Strong Guidance May 15, 2026, 7:02 AM EDT. Wolfe Research has raised its price target for Applied Materials to $550, citing the semiconductor equipment maker’s strong guidance. The upgrade reflects confidence in the company’s growth prospects amid increased demand for chips. Applied Materials provides tools essential for semiconductor manufacturing, a sector closely watched by investors. The price target increase highlights expectations for robust financial performance in upcoming quarters, driven by market trends and positive outlook