Analog Devices Reports Fiscal Second Quarter 2024 Financial Results
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Analog Devices (ADI) PT Raised to $230 at Wells Fargo
May 23, 2024 5:26 AM EDTWells Fargo analyst Gary Mobley raised the price target on Analog Devices (NASDAQ: ADI) to $230.00 (from $185.00) while maintaining a Equal Weight rating.
The analyst comments "Following ADI's above-cons results/guide we revise our FY25/26 above-cons ests modestly lower to account for a more... More
Analog Devices (ADI) PT Raised to $260 at BofA Securities
May 23, 2024 5:19 AM EDTBofA Securities analyst Vivek Arya raised the price target on Analog Devices (NASDAQ: ADI) to $260.00 (from $225.00) while maintaining a Buy rating.
The analyst comments "FQ2 (April) sales were 3% ahead, marking the cycle bottom, with FQ3 (Jul) sales guided up 5.1% QoQ at $2.27bn, about... More
Analog Devices (ADI) PT Raised to $260 at JPMorgan
May 22, 2024 4:47 PM EDTJPMorgan 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 EDTCiti 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 EDTDeutsche 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 EDTJefferies 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 EDTStifel 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 EDTCFRA 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) stock jumps on strong guidance, Q2 results beat
May 22, 2024 7:07 AM EDTAnalog Devices (NASDAQ: ADI) saw its shares jump nearly 5% in premarket trading Wednesday after the company reported better-than-expected Q2 results and guidance.
For the fiscal Q2, the company posted earnings per share (EPS) of $1.40, topping the analyst estimate of $1.26. Revenue came in at $2.16 billion, also... More
