Analog Devices beats Q4 targets on chip demand recovery from auto industry

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Analog Devices (ADI) PT Raised to $261 at Goldman Sachs

November 27, 2024 5:59 AM EST

Goldman Sachs analyst Toshiya Hari raised the price target on Analog Devices (NASDAQ: ADI) to $261.00 (from $247.00) while maintaining a Buy rating.

The analyst comments "Despite the challenging market backdrop in Analog semis, ADI delivered modest upside to FY4Q (Oct) Street consensus and... More