Truist lowered the firm’s price target on Analog Devices (ADI) to $216 from $227 and keeps a Hold rating on the shares. The firm reiterated a cautious semiconductor and artificial intelligence sector view, but is more constructive on Nvidia (NVDA) and Monolithic Power (MPWR) while more cautious on Tesla (TSLA). A new analysis suggests we may have additional downward pressure to estimates, the analyst tells investors in a research note.
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Read More on ADI:
- Navigating the AI Landscape: Risks and Challenges for Analog Devices, Inc.
- Analog Devices price target lowered to $248 from $252 at Morgan Stanley
- Analog Devices price target lowered to $227 from $233 at Truist
- Analog Devices price target raised to $280 from $254 at Evercore ISI
- Analog Devices price target lowered to $260 from $270 at TD Cowen
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