Mizuho cuts Applied Materials price target to $590 from $650 and keeps Outperform

Mizuho lowered its price target on Applied Materials to $590 from $650 on Tuesday, August 25, 2026, and kept its Outperform rating. The cut followed a roughly 30-day pullback in the shares. The German-language report that carried the change did not give Mizuho's reasoning.

• Price target: $650 to $590
• Rating: Outperform, unchanged
• Date: Tuesday, August 25, 2026