Wells Fargo Raises Analog Devices Price Target to $470
Wells Fargo analyst Joe Quatrochi raised the price target on Analog Devices (NASDAQ: ADI) to $470.00 (from $410.00) while maintaining an Overweight rating.
“We remain positive on ADI ahead of F2Q26 results (5/20; BMO).
We expect the company to deliver another beat / raise driven by accelerating AI demand (ATE + Comms DC) & broad-based Industrial strength.
PT $470 Expecting Positive Beat / Raise; Increasing Estimates.
We raise our F2Q26 est to high-end of ADI’s guide & F3Q26 est to modestly above the street as we expect ADI to deliver another positive beat / raise.
With a modest (we est ~$60M) q/q headwind from non-recurring channel re-price, we expect the company to guide at high-end / above F3Q’s +LSD% q/q seasonality; we view buyside bogey at ~$3.7B.
We expect GM% guide relatively inline w/ our / street at 71.9%.”
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.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
