From Yahoo Finance: 2025-06-17 16:05:00

Analog Devices, Inc. (NASDAQ:ADI) is listed as one of the 10 Best American Semiconductor Stocks to Buy Now. Wolfe Research recently lowered the price target for ADI from $295 to $280 but maintained an “Outperform” rating.

Analyst Chris Caso attributed the reduced price target to a valuation of around 28 times ADI’s expected EPS of $10, a slight increase from the company’s historical average multiple of 27 times.

Despite the price target reduction, Wolfe Research remains optimistic about ADI’s future. The firm slightly raised its EPS forecast for the 2026 fiscal year to $9.15 per share, with a calendar year 2026 forecast of $9.60 per share, close to the long-standing expectation of $10 EPS.

Caso noted that ADI is currently trading at approximately 22 times its expected earnings power, which is considered reasonable. However, for the stock price to grow consistently, the company must demonstrate higher earnings power.

Analog Devices, Inc. (NASDAQ:ADI) is an American multinational semiconductor company specializing in data conversion, signal processing, and power management technologies.

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Read more at Yahoo Finance: Wolfe Research Lowers Analog Devices (ADI) Price Target, Keeps Outperform Rating