Positive Trajectory and Strong Financial Performance Drive Buy Rating for Analog Devices

Analyst Tristan Gerra of Robert W. Baird maintained a Buy rating on Analog Devices, retaining the price target of $250.00.

Tristan Gerra has given his Buy rating due to a combination of factors that highlight the positive trajectory of Analog Devices. The ongoing industrial recovery is a significant driver, with the company experiencing consecutive quarters of low-teen sequential revenue growth, particularly in aerospace and defense sectors. This demand surge, coupled with lean industrial supply chain inventories, positions Analog Devices favorably in the market.
Furthermore, the company’s financial performance underscores its robust outlook. The reported F3Q25 revenue exceeded expectations, coming in at $2.88 billion, surpassing the guidance range. Additionally, the gross margin is on a recovery path, with utilization rates improving, suggesting further upside potential. The guidance for F4Q25 also indicates strong future performance, with revenue and EPS projections above consensus estimates, reinforcing the Buy rating with a price target of $250.

In another report released today, Jefferies also maintained a Buy rating on the stock with a $280.00 price target.