TD Cowen raised the firm’s price target on Analog Devices (ADI) to $280 from $260 and keeps a Buy rating on the shares. The firm said they posted another steady print/guide led by Industrial and Auto. With a lean inventory position steady margin trajectory and a reasonable back-half ramp implied by soft F2025 guide, the company is front of the cyclical recovery line.
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Read More on ADI:
- Analog Devices price target raised to $275 from $245 at Benchmark
- Analog Devices price target raised to $270 from $245 at Oppenheimer
- Positive Outlook for Analog Devices: Strong Financial Results and Growth Potential in Industrial and Automotive Sectors
- Analog Devices price target raised to $240 from $220 at Wells Fargo
- Cautious Optimism for Analog Devices Amid Market Uncertainties and Demand Questions