Applied Materials (AMAT) Earnings Miss

<p>Applied Materials (AMAT) stock is down about 3% so far today. The AMAT earnings report indicated $1.89 in EPS versus the $1.94 estimate. Argus' Jim Kelleher says that they reiterated a buy rating on the stock with a raised price target of $190. He believes that the company has become increasingly proactive in securing parts supplies. Also, he sees broad-based strength across its semiconductor operations. What is the AMAT stock price forecast?</p><p><br></p>