Bernstein Raises Analog Devices Price Target to $375

Bernstein SocGen Group analyst Stacy Rasgon raised the price target on Analog Devices (NASDAQ: ADI) to $375.00 (from $270.00) while maintaining a Market Perform rating.

“We note the stock shed a chunk of its pre-market gains during the trading session, likely due in part to the strong performance already seen YTD with valuation still fairly expensive (>25x even on numbers that are probably going up a good amount).

Nevertheless, if we had to own one analog in our coverage it would probably be this one. Raising estimates; PT to $375 (~28x vs 25x prior on better outlook, on FY27 EPS of $13.38). We rate ADI MP.”

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