Analyst Expectations for Analog Devices's Future
Portfolio Pulse from Benzinga Insights
Analyst ratings for Analog Devices (NASDAQ:ADI) over the last quarter have been predominantly bullish, with 10 out of 13 analysts having a bullish or somewhat bullish stance. The average price target is $207.92, indicating an upside from the current price of $189.65. However, this average has decreased by 4.81% from the previous average price target of $218.42.
July 20, 2023 | 9:00 pm
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POSITIVE IMPACT
Analysts are predominantly bullish on Analog Devices, with an average price target indicating an upside. However, the average price target has decreased by 4.81% from the previous quarter.
The bullish stance of analysts and the average price target indicating an upside suggests a positive short-term impact on ADI's stock. However, the decrease in the average price target could indicate less optimism compared to the previous quarter, which might moderate the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100