The Zhitong Finance App learned that Goldman Sachs released a research report on November 12 stating that Applied Materials (AMAT.US) handed over a steady quarterly earnings report, and its performance guidelines were higher than Wall Street expectations. In the context of the recent overall correction in the sector, Goldman Sachs believes that investors' previous position layout was quite positive, and positive comments from peers have set a good tone for the WFE (fab equipment) market. Goldman Sachs believes that Applied Materials already has favorable conditions to increase its market share in the context of WFE's accelerated growth in 2027. Goldman Sachs maintained its “buy” rating for applied materials, but lowered its 12-month price target from $670 to $580, mainly due to a reduction in the valuation multiplier (price-earnings ratio dropped from 32 to 28 times).

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