Two firms raised Analog Devices targets to $474 and $450 following stronger-than-expected quarterly results and improved guidance.
Evercore ISI increased its price target on Analog Devices (NASDAQ:ADI) to $474 from $387, maintaining an Outperform rating after the company reported a quarterly beat and raised guidance. The firm cited strong operational execution and confidence in earnings growth.
Baird also lifted its target to $450 from $365, highlighting power-related products as a key growth driver and improved visibility through 2027. Both firms noted the company’s favorable demand outlook across industrial and automotive sectors.
Analog Devices’ results reflect resilience in its semiconductor portfolio, which converts real-world signals into digital data for industrial, automotive, and healthcare applications.