TD Cowen Raises Analog Devices Price Target to $400

TD Cowen analyst Joshua Buchalter raised the price target on Analog Devices (NASDAQ: ADI) to $400.00 (from $355.00) while maintaining a Buy rating.

“Another solid beat/raise on upside in ADI’s datacenter-related segments, A&D, with strong upside in GM%.

Compared to analog peers this quarter, and the last several, ADI is showing that it is benefiting from idiosyncratic content-related factors on top of the ongoing cyclical recovery.

Though slightly soft in Industrial/Auto, we think the guide and bookings bode well for FY26. Buy, PT to $400.”

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