Semiconductor company Analog Devices (ADI) is drawing some investor attention ahead of its upcoming earnings report that is scheduled for May 22. Analysts are expecting earnings of $1.70 per share on revenue of $2.51 billion. Interestingly, investment firm Citi is especially bullish due to strong order trends in the analog market, particularly in the industrial segment, which makes up nearly half of the company’s revenue. As a result, 4.5-star analyst Christopher Danely raised his price target on the stock from $235 to $260 and reiterated a Buy rating, while also calling Analog Devices one of Citi’s top picks.
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It is also worth noting that Citi believes Analog Devices will not only beat current expectations for its second quarter but will raise its guidance for the next quarter as well. Despite some concerns over tariffs and uncertainty in the second half of 2025, Citi remains confident in the company’s ability to deliver strong sales and earnings growth once demand fully recovers. Indeed, the firm views the company’s exposure to stable, long-cycle markets like industrial and automotive as a key advantage.
Separately, similar to Citi, Cantor Fitzgerald also raised its price target on Analog Devices from $230 to $250, although it maintained a Neutral rating. The firm, which is led by five-star analyst CJ Muse, expects the chipmaker to post a “modest beat and raise,” thanks to signs of broader market stabilization and areas of strength within the business. However, Cantor believes that the stock’s risk/reward is currently balanced, even though it considers Analog Devices a top pick within the semiconductor group.
Is ADI Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on ADI stock based on 11 Buys, four Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average ADI price target of $236.93 per share implies 4.7% upside potential.
