Analog Devices (ADI) Stock Forecast & Price Target

$214.28 -4.77 (-2.18%)

(As of 12:52 PM ET)

Analog Devices - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 23 Analyst Ratings

Sell
0

Hold
7

Buy
16

Based on 23 Wall Street analysts who have issued ratings for Analog Devices in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 23 analysts, 7 have given a hold rating, and 16 have given a buy rating for ADI.

Consensus Price Target

$249.33
16.36% Upside

According to the 23 analysts' twelve-month price targets for Analog Devices, the average price target is $249.33. The highest price target for ADI is $285.00, while the lowest price target for ADI is $220.00. The average price target represents a forecasted upside of 16.36% from the current price of $214.28.

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ADI Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	16 Buy rating(s)	16 Buy rating(s)	17 Buy rating(s)	18 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$249.33	$249.80	$251.45	$204.96
Forecasted Upside	16.36% Upside	8.54% Upside	8.90% Upside	11.88% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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ADI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ADI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Analog Devices Stock vs. The Competition

Type	Analog Devices	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.73	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	13.35% Upside	280.99% Upside	6.73% Upside
News Sentiment Rating	Positive News See Recent ADI News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/27/2024	Truist Financial 2 of 5 stars	W. Stein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$233.00 ➝ $227.00	+5.46%
11/27/2024	Piper Sandler 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$235.00 ➝ $220.00	+2.01%
11/27/2024	Morgan Stanley 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$252.00 ➝ $248.00	+15.57%
11/27/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$270.00 ➝ $260.00	+18.69%
11/27/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
11/22/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Quatrochi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Equal Weight	$220.00	+3.11%
Get the Latest News and Ratings for ADI and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Analog Devices and its competitors with MarketBeat's FREE daily newsletter.
10/8/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$250.00 ➝ $250.00	+8.70%
8/22/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$260.00 ➝ $280.00	+24.08%
8/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$260.00 ➝ $255.00	+13.00%
8/22/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$245.00 ➝ $245.00	+7.69%
7/18/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$235.00 ➝ $250.00	+5.10%
5/24/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$200.00 ➝ $250.00	+6.58%
5/23/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$220.00 ➝ $250.00	+6.34%
5/23/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$225.00 ➝ $275.00	+16.33%
5/23/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$205.00 ➝ $252.00	+6.60%
5/23/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$230.00 ➝ $280.00	+16.59%
5/23/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$200.00 ➝ $220.00	-8.39%
5/23/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$230.00 ➝ $285.00	+18.67%
5/20/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$220.00 ➝ $240.00	+12.11%
5/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Buy	$224.00 ➝ $250.00	+20.66%
4/16/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$254.00	+33.48%
1/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$225.00	+21.34%
12/22/2023	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
8/24/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$225.00 ➝ $200.00	+12.69%
5/25/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$215.00 ➝ $200.00	+17.14%
5/25/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$200.00 ➝ $195.00	+12.59%
2/16/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$200.00 ➝ $225.00	+14.69%
2/16/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$185.00 ➝ $225.00	+14.69%
12/12/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Positive	$205.00	+21.53%
12/9/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$190.00 ➝ $200.00	+18.42%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:31 PM ET.

Should I Buy Analog Devices Stock? ADI Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these Analog Devices pros and cons to contact@marketbeat.com.

Analog Devices
Bull Case

Here are some ways that investors could benefit from investing in Analog Devices, Inc.:

The current stock price of Analog Devices, Inc. is $214.23, reflecting a recent increase of 1.5%, which may indicate positive market sentiment and potential for further growth.
Analog Devices, Inc. reported a quarterly earnings per share (EPS) of $1.58, surpassing the consensus estimate of $1.50, which demonstrates strong financial performance and effective management.
The company has a market capitalization of $106.36 billion, indicating its significant size and stability in the semiconductor industry, which can be attractive to long-term investors.
Recent analyst ratings show a majority of "buy" recommendations, with an average target price of $249.80, suggesting that analysts expect the stock to appreciate in value.
Analog Devices, Inc. has a relatively low debt-to-equity ratio of 0.19, indicating a strong balance sheet and lower financial risk, which can be appealing to risk-averse investors.

Analog Devices
Bear Case

Investors should be bearish about investing in Analog Devices, Inc. for these reasons:

The company's revenue decreased by 24.8% compared to the same quarter last year, which raises concerns about its growth trajectory and market demand for its products.
Despite a strong EPS performance, the net margin of 17.07% indicates that profitability may be under pressure, which could affect future earnings potential.
Insider selling has been notable, with executives selling over 111,000 shares recently, which may signal a lack of confidence in the company's short-term prospects.
The stock has a high price-to-earnings (PE) ratio of 63.59, suggesting that it may be overvalued compared to its earnings, which could deter value-focused investors.
Market volatility and economic uncertainties could impact the semiconductor sector, potentially affecting Analog Devices, Inc.'s performance and stock price stability.

ADI Forecast - Frequently Asked Questions

: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Analog Devices is $249.33, with a high forecast of $285.00 and a low forecast of $220.00.
: 23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Analog Devices in the last twelve months. There are currently 7 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ADI shares.
: According to analysts, Analog Devices's stock has a predicted upside of 16.36% based on their 12-month stock forecasts.
: Over the previous 90 days, Analog Devices's stock had 1 downgrade by analysts.
: Analog Devices has been rated by research analysts at Cantor Fitzgerald, Morgan Stanley, Needham & Company LLC, Piper Sandler, TD Cowen, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like Analog Devices more than other "computer and technology" companies. The consensus rating score for Analog Devices is 2.70 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how ADI compares to other companies.

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This page (NASDAQ:ADI) was last updated on 11/27/2024 by MarketBeat.com Staff

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Analog Devices (ADI) Stock Forecast & Price Target