JPMorgan reaffirms $300 price target for Analog Devices after strong Q2, predicts weaker second half.

From Yahoo Finance: 2025-05-24 04:28:00

JPMorgan reaffirmed its $300 price target and Overweight rating for Analog Devices Inc. (NASDAQ: ADI) after the company reported strong April-quarter results. The company highlighted growth drivers, including AI-related markets expected to expand by 20–25% in FY25. The July quarter is forecasted to see a 70% increase in gross margins, with potential for a 100–200 basis point improvement. However, JPMorgan predicts below-seasonal trends and weaker macro demand in the second half of the year. Despite growth potential, some AI stocks may offer greater returns with limited downside risk.



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