Wells Fargo Raises Analog Devices Price Target to $515
Wells Fargo analyst Joe Quatrochi raised the price target on Analog Devices (NASDAQ: ADI) to $515.00 (from $470.00) while maintaining an Overweight rating.
“We are buyers of ADI, as the company again delivered strong results, driven by an expanding recovery in industrial, DC strength & auto.
While GM% has limited upside, we think ADI can continue to deliver strong EBIT% leverage / EPS growth.
PT $515. Estimate Changes. We expect Street est to increase post F2Q26 results given strong beat / raise.
Our C2026E, C2027E, & C2028E rev / EPS est stand at $15.53B / $13.23, $17.08B / $14.82, and $18.42B / $16.38 (vs. prior $14.6B / $12.03, $15.9B / $13.44, and $17.1B / $14.88).
With est increases, we move our PT to $515 (was $470)—35x P/E & 29x EV/EBITDA our C2027 est.”
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.
