From Yahoo Finance: 2025-05-21 16:08:00

Stifel increased Analog Devices Inc.’s price target from $225 to $248 with a Buy rating, anticipating earnings report for Q2 on May 22. Revenue in Q1 exceeded estimates by $63.55 million, reaching $2.42 billion, driven by growth in industrial automation, surgical robotics, and automotive sectors.

Analyst Tore Svanberg expects ADI to guide Q3 revenue around $2.6 billion, positioning the company to capitalize on the growing semiconductor market. ADI aims for sustained recovery in the semiconductor cycle, with normalized inventory levels and enhanced customer engagements, as highlighted during Q1.

Analog Devices, Inc. (NASDAQ: ADI) is a leading semiconductor company designing, manufacturing, and selling integrated circuits (ICs), software, and subsystems for various industries. While ADI shows growth potential, some AI stocks may offer higher returns with limited downside risk. Check out recommendations for promising AI stocks with significant upside potential.

Read more: Stifel Lifts PT on Analog Devices (ADI), Maintains Buy Rating Ahead of Earnings Tomorrow