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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADI:
- Analog Devices price target raised to $290 from $275 at BofA
- Analog Devices price target lowered to $282 from $303 at Evercore ISI
- Analog Devices: Balancing Growth Optimism with Macroeconomic Caution
- Analog Devices price target raised to $265 from $250 at Wells Fargo
- Analog Devices price target raised to $290 from $280 at Stifel