​Applied Materials, Inc. (NASDAQ:AMAT) is one of the Best Technology Stocks to Invest in for the Long Term. On September 12, analyst Vijay Rakesh from Mizuho Securities downgraded Applied Materials, Inc. (NASDAQ:AMAT) from Outperform to Neutral, while also reducing the price target from $200 to $175. ​The analyst highlighted competition and technology shifts in the wafer fabrication equipment industry, as competition from China and technology transition drives increased competition overall. He also noted ...