Chipmaker Analog Devices forecasts strong Q4 results as demand recovers
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Analog Devices (ADI) PT Raised to $257 at Morgan Stanley
August 22, 2024 5:44 AM EDTMorgan Stanley analyst Joseph Moore raised the price target on Analog Devices (NASDAQ: ADI) to $257.00 (from $250.00) while maintaining a Overweight rating.
The analyst comments "As we have seen across the analog space, the bottom is generally behind us, but the recovery... More
Analog Devices (ADI) PT Lowered to $255 at BofA Securities
August 22, 2024 5:34 AM EDTBofA Securities analyst Vivek Arya lowered the price target on Analog Devices (NASDAQ: ADI) to $255.00 (from $260.00) while maintaining a Buy rating.
The analyst comments "Reiterate Buy, lower FY25/26E pf-EPS by -13%/-7% to $7.07/$8.43 on softer start to FY25 on sluggish autos recovery and consumer... More
Analog Devices (ADI) PT Raised to $280 at JPMorgan
August 22, 2024 5:25 AM EDTJPMorgan analyst Harlan Sur raised the price target on Analog Devices (NASDAQ: ADI) to $280.00 (from $260.00) while maintaining a Overweight rating.
The analyst comments "Analog Devices reported better Jul-Qtr results, reflecting the start of the cyclical recovery off of the Apr-Qtr bottom. The team is seeing excess customer inventory normalize after undershipping consumption trends over the past several quarters. Bookings (excluding auto) were up Q/Q for the fourth consecutive quarter and overall book-to-bill in the quarter was ~1 suggesting a... More
Analog Devices (ADI) PT Raised to $254 at Goldman Sachs
August 21, 2024 4:34 PM EDTGoldman Sachs analyst Toshiya Hari raised the price target on Analog Devices (NASDAQ: ADI) to $254.00 (from $252.00) while maintaining a Buy rating.
The analyst comments "ADI reported a modest beat to FY3Q (July) FactSet consensus and provided a better-than-feared FY4Q (Oct) outlook, per... More
Deutsche Bank Reiterates Hold Rating on Analog Devices (ADI)
August 21, 2024 3:48 PM EDTDeutsche Bank analyst Ross Seymore reiterated a Hold rating and $225.00 price target on Analog Devices (NASDAQ: ADI)
The analyst comments "The company delivered a solid report/guide, with a top-line beat in the July quarter ($2.3b vs. midpoint guide of $2.27b) and a solid raise in their October quarter guide (up ~+4% q/q at the midpoint). However, ADI's Industrial and Automotive segments both underperformed expectations in July (-3%/-1% vs. DBe, respectively), as... More
Analog Devices (ADI) PT Raised to $265 at Citi
August 21, 2024 2:32 PM EDTCiti analyst Christopher Danely raised the price target on Analog Devices (NASDAQ: ADI) to $265.00 (from $250.00) while maintaining a Buy rating.
The analyst comments "This morning, ADI reported solid results and guidance as the Industrial, Comms and Consumer businesses (combined 71% of F3Q24 sales)... More
Analog Devices (ADI) PT Raised to $275 at Stifel
August 21, 2024 1:53 PM EDTStifel analyst Tore Svanberg raised the price target on Analog Devices (NASDAQ: ADI) to $275.00 (from $265.00) while maintaining a Buy rating.
The analyst comments "We believe ADI is a formidable high-performance analog/mixed-signal powerhouse and the leading challenger to the current industry heavyweight, TXN. We also believe that ADI is positioned to outperform in a turbulent macro... More
