Applied Materials (AMAT) experienced a significant intraday surge of 5.00% as trading activity picked up momentum during the session.
The sharp upward movement appears to be driven by positive analyst sentiment, specifically from Rothschild & Co Redburn which adjusted its price target on Applied Materials to $310 from $190 while maintaining a Neutral rating. This substantial increase in the price target represents a vote of confidence in the company's prospects.
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