UBS Maintains Buy on Analog Devices, Raises Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Arcuri has reaffirmed a Buy rating on Analog Devices (NASDAQ:ADI) and increased the price target from $200 to $210.
November 22, 2023 | 5:04 pm
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POSITIVE IMPACT
UBS analyst Timothy Arcuri maintains a Buy rating on Analog Devices and raises the price target from $200 to $210, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Timothy Arcuri from UBS typically signals a strong conviction in the company's future performance and can positively influence investor sentiment. As a result, the stock price may experience upward pressure in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100