Applied Materials, Inc. (NASDAQ:AMAT) is one of the AI Stocks in Focus on Wall Street. On September 22, Morgan Stanley analyst Shane Brett upgraded the stock from Equal Weight to Overweight with a price target of $209.00 (from$172.00). The bank finds that shares of Applied Materials are compelling. “AMAT currently trades at a 25% discount to [Lam Research] vs 10% average since 2023, and our new PT implies a 15% discount.” A technical analyst using a cloud-based analytics dashboard for financial servic ...