Analog Devices Draws New Price-Target Hikes as Analysts Turn More Bullish

Overview

• Broker calls grew more upbeat as Cantor Fitzgerald lifted its target to $510, Wells Fargo moved to $470, and Oppenheimer went to $450, with Overweight or Outperform ratings intact.
• Analysts say they expect another beat-and-raise quarter, citing faster AI orders, steady industrial demand, and better pricing, lead times, and order trends.
• Wall Street’s view skews positive with a consensus Strong Buy from 32 analysts, including 23 Strong Buys, four Moderate Buys, and five Holds.
• Recent optimism builds on a strong fiscal Q1, when ADI grew revenue 30% to $3.16 billion, lifted adjusted EPS 51% to $2.46, and guided Q2 to about $3.5 billion in revenue and $2.88 in EPS.
• Shares have climbed 91.5% over 12 months and 60.1% year to date versus the S&P 500’s 26.4% and 8.7%, reflecting confidence in ADI’s role in chips for factories, cars, and communications networks.