- Analog Devices (ADI, Financial) shares dipped 4% despite beating earnings expectations.
- Analysts offer varied price targets with a potential 13.08% upside.
- Currently rated as "Outperform," with a future GF Value indicating a potential downside.
Shares of Analog Devices (ADI) experienced a notable decline of approximately 4% following the release of its second-quarter earnings report. The semiconductor company reported a non-GAAP EPS of $1.85 and revenues of $2.64 billion, exceeding analyst expectations by $0.15 and $130 million, respectively. Despite these strong figures, the stock's value decreased, capturing the market's cautious sentiment.
Insight into Wall Street Analysts' Forecast
According to projections by 27 analysts, the average one-year price target for Analog Devices Inc (ADI, Financial) stands at $240.75. The high estimate reached $295.00, and the low estimate fell to $155.00. This average target suggests a potential upside of 13.08% from the current trading price of $212.90. For a deeper dive into these estimates, visit the Analog Devices Inc (ADI) Forecast page.
Moreover, the consensus among 33 brokerage firms places Analog Devices Inc's (ADI, Financial) average brokerage recommendation at 2.1, classifying it as "Outperform." This rating is part of a scale from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Sell.
Understanding the GuruFocus GF Value Estimate
As per GuruFocus estimates, the GF Value for Analog Devices Inc (ADI, Financial) over the next year is projected at $179.23. This suggests a potential downside of 15.81% from the current price of $212.8975. The GF Value is determined by considering the historical trading multiples, past business growth, and future performance projections. For further details, investors can refer to the Analog Devices Inc (ADI) Summary page.
