Analysts' Top Technology Picks: Analog Devices (ADI), Tokyo Electron (TOELF)We adjust our estimates after the strong 2Q25 results, also considering the upgraded guidance for 2025. With that, we raise our net income expectations by 13% for 2025 and 5% for 2026. While volumes are decelerating on tougher comps base, we still see solid growth potential ahead (+33% in ’26E). We reiterate our Buy/HR rating and increase our TP to US$17.00 – implying ~21% upside potential. 2026E, we see DLO as decent for a growth case.