Oppenheimer raised the firm’s price target on Analog Devices (ADI) to $350 from $265 and keeps an Outperform rating on the shares as part of a 2026 preview for the semiconductor group. The firm sees estimate upside to this quarter’s results and outlook for most companies amid artificial intelligence strength. Oppenheimer remains stock selective, “favoring structural growth for through-cycle outperformance.” It believes Analog Devices is well positioned for a cyclical recovery.
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