Goldman Sachs analyst James Schneider raised the firm’s price target on Analog Devices (ADI) to $300 from $285 and keeps a Buy rating on the shares. The stock is expected to trade higher despite a weak tape for semiconductors following its Q3 earnings beat and above-consensus guidance, the analyst tells investors in a research note. The management’s commentary remains constructive relative to an ongoing cyclical recovery in 2026, as evidenced by a healthy bookings environment and above-seasonal revenue trends, the firm added.
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