Cantor Fitzgerald Raises Analog Devices Price Target to $550
Cantor Fitzgerald analyst C.J.
Muse raised the price target on Analog Devices (NASDAQ: ADI) to $550.00 (from $510.00) while maintaining a Overweight rating.
“Semiconductor stocks are obviously meaningfully more expensive vs. 3 months ago.
That said, when reflecting on our CY28 stretch EPS estimates, we would easily make the argument that as long as this cycle is durable (i.e., 2028 is not peak), that valuations for many names continue to screen inexpensive and well-below the S&P 500.
Moreover, we highlight a strong fundamental backdrop where consensus estimates will continue to push higher, supporting sustained outperformance.”
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