Key Highlights:
- Analog Devices (ADI, Financial) is expected to surpass fiscal Q2 projections, driven by strong industrial sector performance.
- Citi analyst Christopher Danely maintains a Buy rating, raising the price target to $260.
- Current consensus from Wall Street analysts suggests an average target price of $238.98, indicating a potential upside.
Anticipated Performance Boost for Analog Devices
Analog Devices (NASDAQ: ADI) is gaining attention as it approaches its fiscal Q2 results announcement set for May 22. Notably, Citi's analyst Christopher Danely predicts that the semiconductor company will outperform expectations due to robust bookings, particularly in the industrial sector, which contributes significantly to the company's revenue, accounting for 46%. In light of this anticipated performance, Danely has increased the price target to $260 while maintaining a Buy rating.
Wall Street Analysts' Forecasts
The one-year price targets provided by 27 financial analysts set an average target price for Analog Devices Inc (ADI, Financial) at $238.98. Projections range with a high of $295.00 and a low of $155.00, suggesting a potential upside of 6.16% from the current trading price of $225.11. For more detailed insights, investors can visit the Analog Devices Inc (ADI) Forecast page.
Furthermore, consensus from 33 brokerage firms places Analog Devices Inc's (ADI, Financial) average brokerage recommendation at 2.1, which indicates an "Outperform" status. The rating system spans from 1, representing a Strong Buy, to 5, indicating a Sell.
GF Value and Market Perspective
According to GuruFocus estimates, the projected GF Value of Analog Devices Inc (ADI, Financial) over the next year is $179.05. This estimation implies a potential downside of 20.46% from its current price of $225.11. The GF Value metric represents GuruFocus' assessment of what the fair market value of the stock should be, derived from historical trading multiples, past business growth, and anticipated future business performance. Investors can explore more detailed data on the Analog Devices Inc (ADI) Summary page.
