Stifel raised the firm’s price target on Analog Devices (ADI) to $265 from $240 and keeps a Buy rating on the shares following what the analyst calls a “solid beat & raise.” With Analog Devices’ $107B market cap now just about 80% of Intel’s (INTC), the firm calls it the “industry’s newest $100bn+ semiconductor ‘Titan.'”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADI:
- ADI Earnings: Analog Devices Reports Better-than-Expected Fiscal Q2 Results
- Analog Devices Reports Fiscal Second Quarter 2024 Financial Results
- Options Volatility and Implied Earnings Moves Today, May 22, 2024
- Options Volatility and Implied Earnings Moves This Week, May 20 – May 23, 2024
- Analog Devices price target raised to $240 from $220 at Stifel