Analog Devices (ADI) May weekly 217 straddle priced into quarter results
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Go back to Analog Devices (ADI) May weekly 217 straddle priced into quarter results
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
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
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
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
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
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
