Analog Devices (ADI, Financial) anticipates significant growth in the industrial and consumer segments for the third quarter. The company expects a rise in communications performance, while forecasting a decline in the automotive sector. This strategic outlook reflects ADI's focus on strengthening areas with high growth potential, despite challenges in other segments.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 27 analysts, the average target price for Analog Devices Inc (ADI, Financial) is $240.75 with a high estimate of $295.00 and a low estimate of $155.00. The average target implies an upside of 12.54% from the current price of $213.92. More detailed estimate data can be found on the Analog Devices Inc (ADI) Forecast page.
Based on the consensus recommendation from 33 brokerage firms, Analog Devices Inc's (ADI, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Analog Devices Inc (ADI, Financial) in one year is $179.23, suggesting a downside of 16.22% from the current price of $213.92. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Analog Devices Inc (ADI) Summary page.
