Needham analyst Quinn Bolton has maintained their neutral stance on ADI stock, giving a Hold rating today.
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Quinn Bolton’s rating is based on several factors influencing Analog Devices’ outlook. Despite the company’s strong performance and guidance surpassing expectations, there remains macroeconomic uncertainty that could impact future growth. The management anticipates growth across all end markets in FY26, particularly in the Industrial and Communications sectors, which supports a positive outlook. However, the automotive sector presents some risk due to potential tariff impacts, and the company has adopted a conservative approach by guiding future revenue below seasonal trends to account for this. Additionally, while gross margins are expected to improve due to a favorable product mix and increased utilization, they may be partially offset by recent capacity expansions. These mixed signals contribute to the Hold rating, reflecting both optimism for growth and caution regarding potential challenges.
In another report released today, Wells Fargo also maintained a Hold rating on the stock with a $265.00 price target.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADI in relation to earlier this year.