What the analyst said

Argus analyst Jim Kelleher raised the price target on Analog Devices (NASDAQ: ADI) to $460.00 (from $400.00) while maintaining a Buy rating.

“Broad-based revenue growth, raising target price • Analog Devices posted fiscal 2Q26 revenue and adjusted EPS above the high end of management’s guidance ranges and well ahead of consensus expectations. • The shares slipped despite fiscal 3Q26 guidance that was well above prereporting consensus estimates.

Fiscal 2Q26 performance and 3Q26 guidance signal accelerating top- and bottomline momentum as end markets strengthen. • Sales into three of four end markets grew in double-digit percentages in fiscal 2Q26, reflecting strong cyclical demand, normalization of original equipment manufacturer (OEM) and distribution channel inventories, and a high-quality, high-margined product offering. • ADI’s business model is resilient, based on a diversified customer base and product portfolio and a flexible, hybrid manufacturing model.

We are reiterating our BUY rating and raising our 12-month target price to $460 from $400.”

Disclaimer
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.

Where the price stands

ADI trades at $395. The 10 analysts who set a target in the last 3 months range from $430 to $675, with a median of $487. This $460 target is 5% below the median.

Since the note ADI has moved −1% (from $397). 12-month window: day 167 of 365, closes on May 26, 2027.

Track record

This callOpen: ADI has not reached $460 yet. This 12-month target is scored on May 26, 2027.

Firm track recordToo early to score Argus: price targets are 12-month calls and fewer than 5 of its targets are a year old. 8 of its 14 open targets have already been reached. How we score

Share

Other analysts on Analog Devices

TD CowenBuy Raised price target +3%, kept ratingRaised target Oct 19 $475from $460+3% TD CowenBuy Kept rating and price targetReiterated Sep 8 $460maintained CantorBuy Kept rating and price targetReiterated Sep 8 $550maintained BairdBuy Raised price target +50%, kept ratingRaised target Aug 24 $675from $450+50% BMO CapitalBuy Initiated coverageInitiated Aug 21 $430
Share on
Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.