Citi analyst Christopher Danely reiterated a Buy rating on Analog Devices (ADI – Research Report) today and set a price target of $260.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Christopher Danely has given his Buy rating due to a combination of factors including anticipated strong financial performance and favorable market conditions. Danely expects Analog Devices to report results that exceed consensus estimates for the upcoming quarter, driven by robust booking trends in the analog sector, particularly within the Industrial market which constitutes a significant portion of the company’s revenue.
Despite some caution regarding the latter half of 2025 due to potential tariff impacts, Danely is confident in Analog Devices’ ability to achieve strong sales and earnings growth as demand recovers. The analyst has also raised revenue and earnings estimates for the fiscal year 2025, reflecting optimism about the company’s performance. Additionally, the target price for the stock has been increased, indicating expectations of a positive share price return.
Danely covers the Technology sector, focusing on stocks such as Micron, Advanced Micro Devices, and Intel. According to TipRanks, Danely has an average return of 8.5% and a 60.82% success rate on recommended stocks.
In another report released on May 16, Oppenheimer also reiterated a Buy rating on the stock with a $265.00 price target.
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue