SStifel AAnalog Devices · ADI
Stifel Raises Analog Devices Price Target to $405
Rating
Buy
Price target
$405
Previous
$360
Implied upside
+20%
Stifel analyst Tore Svanberg raised the price target on Analog Devices (NASDAQ: ADI) to $405.00 (from $360.00) while maintaining a Buy rating.
“ADI delivered a solid print and guide bolstered by what we believe to be company-specific LT secular tailwinds spanning its multiple end markets, with the company’s focus on the high-end/high-value semiconductor solutions continuing to support the NT outlook.
Reiterate Buy, raising our 12-month Target Price to $405 (from $360), as we introduce our CY27E estimates (14.0x CY27E EV/Sales).”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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