Susquehanna analyst Christopher Rolland raised the firm’s price target on Analog Devices to $225 from $215 and keeps a Positive rating on the shares. The firm offered their 2Q semiconductor earnings preview, and in short, expects A.I. to considerably outshine all other end markets. They expectuneven reports for the space, with some benefiting from A.I. and EVs, while others may confess to a softer macro as bookings trends slow and they look out into 2024.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ADI:
- Analyst Sees Nvidia Revitalizing AI Stocks during Earnings Season
- Analog Devices price target raised to $220 from $210 at Stifel
- Analog Devices initiated with a Peer Perform at Wolfe Research
- Analog Devices put volume heavy and directionally bearish
Questions or Comments about the article? Write to editor@tipranks.com