Morgan Stanley maintains Buy rating on Analog Devices, lowers price target slightly.

From Yahoo Finance: 2025-05-25 05:48:00

Analyst Joseph Moore from Morgan Stanley maintained a Buy rating on Analog Devices Inc. (ADI) and lowered its price target to $212 from $214 following the company’s strong fiscal Q2 2025 results. Revenue grew 22% year-over-year to $2.64 billion, while EPS rose 32% year-over-year to $1.85 in the quarter.

The strong performance of all regions and end markets in Q2 supports an optimistic outlook for Analog Devices Inc. (ADI). The Industrial segment, which contributes significantly to revenue, saw a 17% year-over-year increase, aligning supply with demand in Q3 is expected to drive further improvement.

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The Industrial segment’s expected outperformance is a key factor in the positive outlook for Analog Devices Inc. (ADI). The segment, which accounts for 44% of total revenue, is the most profitable for the company and is projected to drive notable improvement in Q3.



Read more at Yahoo Finance: Morgan Stanley Maintains a Buy Rating on Analog Devices (ADI), Cuts PT