Analog Devices, Inc. (NASDAQ:ADI) is one of the On May 26, 2026, JPMorgan raised the firm’s price target on Analog Devices, Inc. (NASDAQ:ADI) to $450 from $400 and maintained an Overweight rating on the shares.
JPMorgan said the company reported a “strong beat-and-raise” quarter on broad-based strength and called Analog Devices its top pick in the diversified semiconductor segment
On May 21, 2026, Raymond James raised the firm’s price target on Analog Devices, Inc. (NASDAQ:ADI) to $430 from $385 and maintained an Outperform rating on the shares. Raymond James said Analog Devices delivered another strong quarter, with accelerating AI-driven data center demand accounting for most of the communications revenue. The firm also cited the acquisition of Empower Semiconductor, which expands the company’s AI and data center power exposure.
Portogas D Ace/ A day earlier, Analog Devices, Inc. (NASDAQ:ADI) reported Q2 adjusted EPS of $3.09, ahead of the consensus estimate of $2.90. Revenue totaled $3.62B, above the consensus estimate of $3.51B. CEO and Chair Vincent Roche said ADI’s second-quarter revenue and earnings were above the high end of its outlook, reflecting “record demand” and operational discipline.