BofA raised the firm’s price target on Analog Devices (ADI) to $280 from $265 and keeps a Buy rating on the shares. Following the company’s quarterly report, the firm raised its FY25 and FY26 year-over-year sales growth forecasts to 9% and 9.2%, respectively, and raised its pro-forma EPS forecasts by 8% and 9%, respectively.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADI:
- Apple unveils iPhone 16e, Arista reports Q4 beat: Morning Buzz
- Analog Devices sees Q3 auto, comms markets at ‘higher end of normal seasonality’
- Unusually active option classes on open February 19th
- Morning Movers: SolarEdge skyrockets following fourth quarter earnings
- Analog Devices reports Q1 adjusted EPS $1.63, consensus $1.54