TD Cowen raised the firm’s price target on Analog Devices (ADI) to $450 from $400 and keeps a Buy rating on the shares. The firm said the upcycle continues, with strong results in Ind./Comms supported by upside in Auto. AI DC-related revenues again grew considerably, with Empower tuck-in deal to bolster low-voltage power offerings.
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Read More on ADI:
- Analog Devices price target raised to $474 from $387 at Evercore ISI
- Analog Devices price target raised to $460 from $400 at Citi
- Analog Devices price target raised to $460 from $425 at BofA
- Analog Devices price target raised to $500 from $430 at KeyBanc
- Analog Devices price target raised to $450 from $365 at Baird