Chipmaker Analog Devices' forecasts held back by inventory corrections

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Analog Devices (ADI) PT Raised to $191 at Goldman Sachs

November 22, 2023 6:18 AM EST

Goldman Sachs analyst Toshiya Hari raised the price target on Analog Devices (NASDAQ: ADI) to $191.00 (from $188.00) while maintaining a Buy rating following earnings.

The analyst commented, "ADI reported FY4Q (Oct) results largely in-line with Street expectations but guided FY1Q (Jan) revenue and... More