On Nov 27, major Wall Street analysts update their ratings for $Analog Devices (ADI.US)$, with price targets ranging from $220 to $280.
Morgan Stanley analyst Joseph Moore maintains with a buy rating, and adjusts the target price from $252 to $248.
BofA Securities analyst Vivek Arya maintains with a buy rating, and adjusts the target price from $245 to $250.
Citi analyst Christopher Danely maintains with a buy rating, and sets the target price at $265.
Barclays analyst Thomas O'Malley maintains with a hold rating, and maintains the target price at $250.
TD Cowen analyst Joshua Buchalter maintains with a buy rating, and adjusts the target price from $270 to $260.
Furthermore, according to the comprehensive report, the opinions of $Analog Devices (ADI.US)$'s main analysts recently are as follows:
Following Q4 results that surpassed expectations due to robustness in China's auto sector and consumer demand, Analog Devices forecasted a strong growth trajectory for FY25. However, anticipation for this growth is reserved until tangible above seasonal trends emerge within its core industrial segment. The outlook suggests a slower recovery for the broader industrial sector, contrasting with a more positive or stable outlook for counterparts in the auto industry.
Investors might face disappointment due to seasonal declines delaying the gross margin/operating margin recovery. However, a clean inventory position is likely to be advantageous when demand picks up.
Here are the latest investment ratings and price targets for $Analog Devices (ADI.US)$ from 10 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
