Analog Devices Inc Stock Forecast:
Based on the Analog Devices Inc (ADI:NSD) stock forecasts from 27 analysts, the average analyst target price for Analog Devices Inc is USD 198.08 over the next 12 months. Analog Devices Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Analog Devices Inc is Neutral, which is based on 6 positive signals and 7 negative signals. At the last closing, Analog Devices Inc’s stock price was USD 196.18. Analog Devices Inc’s stock price has changed by +10.36% over the past week, +16.10% over the past month and +21.07% over the last year.
Analysts Coverage Change:
- KeyBanc Capital Markets maintains Analog Devices Inc. with an “Overweight” rating and raises the price target to $230 from $210.
- Raymond James maintains the “Outperform” rating and raises the price target to $225 from $200.
- Sanford C. Bernstein & Co. maintains the “Outperform” rating and raises the price target to $220 from $200.
- Oppenheimer & Co. maintains the “Outperform” rating and raises the price target to $230 from $210.
- Morgan Stanley & Co. maintains an “Equal-Weight” rating and raises the price target to $210 from $177.
- Credit Suisse Group Upgrades Analog Devices Inc. to a “Buy” rating and raises the price target to $251 from $215.
- Cowen maintains the “Outperform” rating and raises the price target to $225 from $200.
Analog Devices News:
Analog Devices reported fiscal first-quarter net income of $961.5 million and adjusted earnings of $2.75 a share, up from $1.94 a share a year before. Revenue rose to $3.25 billion from $2.68 billion, and the company raised its quarterly dividend to 86 cents a share.
Positive Fundamentals:
This stock has high market capitalization, superior risk adjusted returns, low volatility, positive cash flow, and superior revenue growth.
Negative Fundamentals:
The company’s average income yield over the past 5 years has been low, and its stock is overpriced compared to its peers on a price to earnings, cashflow, and free cash flow basis. Poor return on equity, poor capital utilization, poor return on assets, and overpriced on free cash flow are all risks to consider.
FA Score (Fundamental Analysis):
The fundamental analysis of Analog Devices Inc. is “Neutral” with a FA score of 4.6 out of 10, where 0 is very bearish and 10 is very bullish.
About Analog Devices Inc.:
Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. It serves clients in the industrial, automotive, consumer, instrumentation, aerospace, and communications markets.
