Analog Devices (ADI) May weekly option implied volatility into quarter results

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

May 22, 2024 4:47 PM EDT

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

May 22, 2024 4:11 PM EDT

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 $225 at Deutsche Bank

May 22, 2024 3:22 PM EDT

Deutsche Bank analyst Ross Seymore raised the price target on Analog Devices (NASDAQ: ADI) to $225.00 (from $200.00) while maintaining a Hold rating.

The analyst comments "After four quarters of sequential declines, ADIs better than expected F2Q/F3Q report/guide marked set a welcome cyclical trough and return to q/q growth. From an end market perspective, ADIs... More

Analog Devices (ADI) PT Raised to $280 at Jefferies

May 22, 2024 3:16 PM EDT

Jefferies analyst Blayne Curtis raised the price target on Analog Devices (NASDAQ: ADI) to $280.00 (from $250.00) while maintaining a Buy rating.

The analyst comments "Pointed to recovery across all businesses, a theme we expect to recur across Analog as we enter a... More

Analog Devices (ADI) PT Raised to $265 at Stifel

May 22, 2024 1:38 PM EDT

Stifel analyst Tore Svanberg raised the price target on Analog Devices (NASDAQ: ADI) to $265.00 (from $240.00) while maintaining a Buy rating.

The analyst comments "Solid beat & raise. Apr Q revs/GAAP EPS (ex-charges) were +2.8%/ +$0.14 vs. our estimates, and Jul Q guidance midpts. came in +7.0%/... More

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

May 22, 2024 12:47 PM EDT

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