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.
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Read More on ADI:
- Analog Devices upgraded to Buy from Hold at Needham
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