Stifel analyst Tore Svanberg raised Analog Devices’ price target to $270 from $248, maintaining a Buy rating. He anticipates a cyclical recovery in the semiconductor industry after a bottoming out from inventory correction. The firm advises an Overweight position in AI-related semiconductor stocks. AI-focused companies are projected to see 32% revenue growth in 2025 and 17% in 2026.

Read more at Yahoo Finance: Analog Devices price target raised to $270 from $248 at Stifel