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Analog Devices Inc has a consensus price target of $241.04 based on the ratings of 28 analysts. The high is $285 issued by Keybanc on May 23, 2024. The low is $175 issued by Piper Sandler on November 22, 2023. The 3 most-recent analyst ratings were released by Wells Fargo, Cantor Fitzgerald, and Truist Securities on November 22, 2024, October 8, 2024, and September 23, 2024, respectively. With an average price target of $234.33 between Wells Fargo, Cantor Fitzgerald, and Truist Securities, there's an implied 9.02% upside for Analog Devices Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Analog Devices (NASDAQ:ADI) was reported by Wells Fargo on November 22, 2024. The analyst firm set a price target for $220.00 expecting ADI to rise to within 12 months (a possible 2.35% upside). 51 analyst firms have reported ratings in the last year.
The latest analyst rating for Analog Devices (NASDAQ:ADI) was provided by Wells Fargo, and Analog Devices initiated their equal-weight rating.
The last upgrade for Analog Devices Inc happened on December 22, 2023 when Edward Jones raised their price target to N/A. Edward Jones previously had a hold for Analog Devices Inc.
The last downgrade for Analog Devices Inc happened on September 23, 2024 when Truist Securities changed their price target from $266 to $233 for Analog Devices Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Analog Devices, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Analog Devices was filed on November 22, 2024 so you should expect the next rating to be made available sometime around November 22, 2025.
While ratings are subjective and will change, the latest Analog Devices (ADI) rating was a initiated with a price target of $0.00 to $220.00. The current price Analog Devices (ADI) is trading at is $214.94, which is within the analyst’s predicted range.
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