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Jefferies has raised the price target for Applied Materials from $510 to $770, maintaining a Buy rating. Applied Materials closed the previous trading day at $668. Jefferies provided a bullish scenario of $900 and a bearish scenario of $500. The increased complexity of DRAM manufacturing has expanded the serviceable market for Applied Materials, with a monthly wafer capacity of 100 thousand rising from $6 billion under 6F² architecture to $6.5 billion under 4F², and reaching $7.5 billion in the 3D DRAM phase. Applied Materials holds about 50% market share in HBM packaging equipment, and advanced packaging business revenue is expected to exceed $2 billion this year. Jefferies estimates Applied Materials’ EPS for fiscal year 2026 at $14.01 and for fiscal year 2027 at $18.06, with revenues of $36.7 billion and $44.2 billion, respectively. The $770 price target is based on a projected 2028 calendar year EPS of $21.25 and a price-to-earnings ratio of approximately 36 times.

Glonhui, June 26｜Titan Mining surged over 45% pre-market to $3.24. According to reports, the company previously announced that its wholly-owned subsidiary, Empire State Mines, has been awarded two conditional leasing contracts by the US Army to build graphite purification facilities on military bases. This marks the first time the United States is constructing a commercial-scale critical mineral processing plant on a defense base.

Glonhui, June 26 ｜ US energy company FirstEnergy rose 3.8% pre-market to $49.9, after five consecutive gains. According to reports, Morgan Stanley recently released a new research note, maintaining an “Overweight” rating for FirstEnergy and slightly raising the target price from $51 to $52. In addition, the US Department of Energy announced around $1.9 billion in dedicated grid upgrade funding; Congress introduced the "SURGE Act" aimed at rewarding improvements in grid efficiency through incentive mechanisms.