Susquehanna raised the firm’s price target on Analog Devices (ADI) to $400 from $360 and keeps a Positive rating on the shares. The firm said they believe 2026 will be a “banner year” as the cyclical recovery continues, while AI drives meaningful upside in Industrial and Comms such as Automated Test Equipment, power and optics. They noted the company reported better results and even better guidance, driven by the broad-based cyclical upturn and continued tailwinds from AI.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADI:
- Analog Devices upgraded to Buy from Hold at Needham
- Needham upgrades Analog Devices to Buy on strong results and outlook
- Analog Devices price target raised to $430 from $375 at KeyBanc
- Analog Devices price target raised to $360 from $250 at Piper Sandler
- Analog Devices price target raised to $430 from $375 at Barclays