TD Cowen Analog Devices · ADI

TD Cowen Reiterates Buy on Analog Devices, $460 Price Target

Analyst: Joshua Buchalter 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$460
Unchanged
Upside
+27%
ADI at $364 today
TD Cowen and Analog Devices logos

What the analyst said

TD Cowen analyst Joshua Buchalter reiterated a Buy rating and $460 price target on Analog Devices (NASDAQ: ADI).

“Diving Into ADI’s Datacenter Power & Optics Opportunity; We hosted ADI Head of Datacenter & Energy Nitin Sharma, Head of Datacenter & Energy Sales Ethan Wang, and Head of IR Jeff Ambrosi on an investor call.

The call highlighted ADI’s broad product portfolio and ability to drive system-level sales across datacenter power, optics, and energy infrastructure.

We come away confident that ADI is positioned to continue benefitting from AI infra investment.”

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 $364. 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 0% (from $362). 12-month window: day 60 of 365, closes on September 8, 2027.

Track record

This callOpen: ADI has not reached $460 yet. This 12-month target is scored on July 13, 2027. Same target as this firm’s July 13, 2026 note, so it is scored there.

Firm track recordTD Cowen: 83% of its 36 targets at least a year old were reached within 12 months (#5 of 26 firms). Accuracy ranking →

TD Cowen on Analog Devices

TD Cowen price targets on Analog Devices

6 calls from January 16, 2026 to October 19, 2026. The target went from $355 to $475 (+34%). The rating stayed Buy.

TD Cowen targetADI share price
  1. October 19, 2026Target raised from $460 (+3%)Buy$475
  2. September 8, 2026 This noteKept the $460 targetBuy$460
  3. July 13, 2026Target raised from $450 (+2%)Buy$460
  4. May 21, 2026Target raised from $400 (+13%)Buy$450
  5. February 19, 2026Target raised from $355 (+13%)Buy$400
  6. January 16, 2026Earliest call shown$355
Share

Other analysts on Analog Devices

CantorBuy Kept rating and price target Sep 8 $550maintained BairdBuy Raised price target +50%, kept rating Aug 24 $675from $450 BMO CapitalBuy Initiated coverage Aug 21 $430 JP MorganBuy Raised price target +11%, kept rating Aug 20 $500from $450 Morgan StanleyBuy Raised price target +7%, kept rating Aug 20 $458from $428
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.