What the analyst said

Raymond James analyst Melissa Fairbanks raised the price target on Analog Devices (NASDAQ: ADI) to $385.00 (from $290.00) while maintaining an Outperform rating.

“We reiterate our Outperform rating on Analog Devices and raise our price target to $385 following another quarter of strong upside results.

Most importantly, while the company continues to deliver broadly above-market growth (and five consecutive quarters of q/q increases), management remains confident results do not reflect any restocking activity – and rather reflects true (or somewhat below) end market demand.

In addition to specific secular growth catalysts, including ATE, A&D, and Datacenter related products, other businesses continue to grow off a cyclical bottom.

We continue to view ADI as the industry leader in terms of higher content / higher-value systems – with industry-leading margins – in electrification, automation, and power.

Net, we maintain our favorable view of the company, and believe the company remains among the best positioned to benefit from secular growth catalysts.”

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Where the price stands

ADI trades at $364. The 10 analysts who set a target in the last 3 months range from $430 to $675, with a median of $487. This $385 target is 21% below the median, the lowest on the Street.

Since the note ADI has moved +8% (from $338). 12-month window: day 261 of 365, closes on February 18, 2027.

Track record

This call✓ Target reached on April 23, 2026, 2 months after the note.

Firm track recordRaymond James: 73% of its 11 targets at least a year old were reached within 12 months. Accuracy ranking →

Earnings reactionOne of 19 notes after Analog Devices’s Feb 18 results: 18 raised · 0 cut · 0 kept. See every call →
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Other analysts on Analog Devices

TD CowenBuy Raised price target +3%, kept rating Oct 19 $475from $460 TD CowenBuy Kept rating and price target Sep 8 $460maintained CantorBuy Kept rating and price target Sep 8 $550maintained BairdBuy Raised price target +50%, kept rating Aug 24 $675from $450 BMO CapitalBuy Initiated coverage Aug 21 $430
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.