Stifel Reaffirms Buy on Analog Devices, $498 Price Target
- Rating
- Buy
- Price target
- $498
- Implied upside
- +33%
- vs $373.26 prior close
Stifel analyst Tore Svanberg reiterated a Buy rating and $498 price target on Analog Devices (NASDAQ: ADI) on August 20, 2026.
“F3Q26 (Jul) sales beat, with revenue of $4.02bn (+11.0% q/q) coming in +3.1% above our $3.90bn estimate and marking the first $4bn quarter in ADI’s history, led by data center within Comms, in addition to Industrial and Auto.
Raised Oct Q guide, with the $4.30bn midpoint (+6.9% q/q) coming in +8.1% higher than our prior estimate of $3.98bn, implying a tenth straight above-seasonal quarter on continued data center strength alongside a broadening recovery.We believe the cyclical recovery still has room to run, with record results and outlook layered on top of secular content growth and ADI’s high-end analog positioning, supporting durability beyond the NT.Reiterate Buy and 12-month target price of $498 based on a 13.5x CY27E EV/Sales multiple.”
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Tracking this call
Since this note+10% ADI $373.26 → $410.08 (Oct 8) · 30% of the way to the target
This callScored on Feb 19, 2027, six months after the note: did ADI reach $498?
Firm track recordStifel reached 70% of its 37 scored targets within six months (#14 of 31 firms); on Analog Devices, 3 of 3. Accuracy ranking →
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