Earnings reaction · ADI

How analysts reacted to Analog Devices’ results

Analog Devices reported on May 20, 2026 (quarter ended Apr 2026). In the next sessions, 13 Wall Street firms published notes: 11 raised their price target and 2 kept it unchanged; none cut. The median target of the 13 firms with a before-and-after figure went from $415 to $450 (+8%). The shares fell 4% on May 20, the day of the report.

May 20, 2026 reported13 firms11 raised0 cut
Median target$415 → $450+8% · 13 firms
Target changes11 raised0 cut · 2 kept
Share move−4%May 20 · $414.31 → $398.05
EPS vs consensusBeat 7%3.09 vs 2.89 expected

Every firm’s call 13

The first note from each firm in the session that reacted to the results and the next two, with its previous target. Since then the shares have gained 6% ($420.55 on Oct 6), against a median target of $450 from these firms. Analog Devices consensus today

Before After Share price
BairdBuy$365$450+23%May 20
KeyBancBuy$430$500+16%May 21
CitiBuy$400$460+15%May 21
Morgan StanleyBuy$373$428+15%May 21
BernsteinHold$375$430+15%May 21
Wolfe ResearchBuy$415$475+14%May 21
TD CowenBuy$400$450+13%May 21
TruistHold$364$405+11%May 21
Wells FargoBuy$470$515+10%May 21
Bank of AmericaBuy$425$460+8%May 21
BarclaysBuy$430$450+5%May 21
StifelBuy$450$450KeptMay 20
OppenheimerBuy$450$450KeptMay 21

Earlier Analog Devices reports

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How this works: the earnings date and EPS figures come from Nasdaq. The calls are the notes in our database from the session that reacted to the results and the next two, one per firm (its first); for reports after the close, notes dated the report day are treated as previews and left out. “Before” is the previous target quoted in the note or, if missing, the firm’s last target in our database. The median target uses firms with both figures. The share move compares the close before the reaction session with the close of the session that moved most (the report day or the next one). Which firms’ targets come true

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