Citi Reiterates Buy Rating on Analog Devices (ADI)

Analog Devices (ADI) PT Raised to $260 at JPMorgan

JPMorgan analyst Harlan Sur raised the price target on Analog Devices (NASDAQ: ADI) to $260.00 (from $220.00) while maintaining a Overweight rating.

The analyst comments "Analog Devices reported slightly better than expected revenues for its Apr-Qtr which largely reflected expected broad-based shipment declines as the team worked through excess inventories, and as anticipated, marked the bottom of this current downcycle as the team guided for Q/Q revenue growth going forward. As we had anticipated, after several quarters of undershipping consumption trends, the team believes customer inventory levels are beginning to normalize and the... More

Analog Devices (ADI) PT Raised to $250 at Citi

Citi analyst Christopher Danely raised the price target on Analog Devices (NASDAQ: ADI) to $250.00 (from $220.00) while maintaining a Buy rating.

The analyst comments "This morning, ADI reported results and provided guidance above the consensus as the Industrial (47% of F2Q24 sales) and Consumer (11%... More

Analog Devices (ADI) PT Raised to $240 at CFRA

CFRA analyst Angelo Zino raised the price target on Analog Devices (NASDAQ: ADI) to $240.00 (from $193.00) while maintaining a Hold rating.

The analyst comments "We up our 12-month target to $240 from $193 on a P/E of 27.6x our CY 25 view of $8.69, above its five-year... More

Analog Devices (ADI) PT Raised to $210 at Barclays

Barclays analyst Blayne Curtis raised the price target on Analog Devices (NASDAQ: ADI) to $210.00 (from $185.00) while maintaining a Equalweight rating.... More