Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 301.14

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3:59 PM EST

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To: Proud_Infidel who wrote (17135)	1/12/2006 2:31:32 PM
From: The Ox	Read Replies (1) of 25522

1 year target of $28 based on fy08 initial estimates of $1.18 eps and a 24 PE. Stock is near "fair value" currently based on my FY07 estimate of $0.96 eps and PE of 24 (target $23). I believe over the course of the next 3 quarters these estimates will rise. A 2 year stock target in the mid to upper $30s should not be out of the question. $50 seems a bit rich at this time but we know that eps can grow quickly if a new heavy buying cycle is approaching. I'll stick with my "conservative" numbers for now until we get a substantial change in guidance from mgmt. jmo to

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