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

According to Zhitong Finance APP, Goldman Sachs released a research report on November 12 stating that Applied Materials (AMAT.US) delivered solid quarterly financial results, with its guidance exceeding Wall Street expectations. Against the backdrop of a recent sector-wide pullback, Goldman Sachs believes that investors' prior positioning was relatively positive, and favorable commentary from peers has set a good tone for the WFE (wafer fab equipment) market. Goldman Sachs believes that Applied Materials is well positioned to gain market share amid accelerating WFE growth in 2027. Goldman Sachs maintains its "Buy" rating on Applied Materials but lowered its 12-month target price from $670 to $580, primarily due to a reduction in the valuation multiple (P/E lowered from 32x to 28x).