Applied Materials Stock: A Compelling Buy, Says #1-Rated Analyst
foundry and memory end markets. After the company''s quarterly results last week, Needham analyst Quinn Bolton, ranked #1 out of 8,020 analysts tracked by TipRanks, dove deep into Applied Materials'' earnings report to better understand how things look for the company, going forward. He believes that AMAT stock is a compelling Buy. Growth Opportunities Overshadowing Headwinds? During AMAT''s fiscal Q3 (ended July 31) and in the current quarter, the company continued to witness an excess of demand over its ability to supply, causing its backlog to grow. This trend has remained strong despite numerous cancellations from customers.
Applied Materials Stock: A Compelling Buy, Says #1-Rated Analyst
foundry and memory end markets. After the company''s quarterly results last week, Needham analyst Quinn Bolton, ranked #1 out of 8,020 analysts tracked by TipRanks, dove deep into Applied Materials'' earnings report to better understand how things look for the company, going forward. He believes that AMAT stock is a compelling Buy. Growth Opportunities Overshadowing Headwinds? During AMAT''s fiscal Q3 (ended July 31) and in the current quarter, the company continued to witness an excess of demand over its ability to supply, causing its backlog to grow. This trend has remained strong despite numerous cancellations from customers.