12 Analysts Have This to Say About Analog Devices
Portfolio Pulse from Benzinga Insights
Analog Devices (NASDAQ:ADI) has received 12 analyst ratings in the last quarter, with an average price target of $198.25, representing an upside from the current price of $171.275. The ratings include 3 bullish, 5 somewhat bullish, and 4 indifferent, with no bearish ratings. The new average price target is a 5.04% decrease from the previous target of $208.78.
November 13, 2023 | 9:00 pm
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POSITIVE IMPACT
Analysts have set a higher price target for ADI at $198.25, indicating a potential upside from its current price. The consensus includes more bullish and somewhat bullish ratings than indifferent, with no bearish outlooks.
The positive analyst ratings and the higher price target suggest that the market sentiment around ADI is optimistic, which could lead to an increase in its stock price in the short term. The absence of bearish ratings reinforces this potential upward movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100