Stifel raised the firm’s price target on Analog Devices (ADI) to $248 from $225 and keeps a Buy rating on the shares. The firm expects April quarter revenue in-line with its $2.5B estimate and thinks the company could guide June quarter revenue at a mid-point in-line with its $2.6B revenue estimate given recent peer commentary, the analyst tells investors in a preview. The firm cites higher recent comps for its increased price target
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADI:
- Analog Devices, Inc. (ADI) Q2 Earnings Cheat Sheet
- ‘Buy Ahead of Earnings,’ Says Citi about Analog Devices Stock (ADI)
- Options Volatility and Implied Earnings Moves This Week, May 19 – May 22, 2025
- Analog Devices price target raised to $250 from $230 at Cantor Fitzgerald
- Options Volatility and Implied Earnings Moves This Week, May 19 – May 23, 2025
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue