A Closer Look at 9 Analyst Recommendations For Analog Devices
Portfolio Pulse from Benzinga Insights
Analog Devices (NASDAQ:ADI) has been the subject of diverse analyst ratings over the past three months, with 9 analysts offering ratings from bullish to bearish. The average 12-month price target is $204.0, a slight increase from the previous $201.75. Analysts from firms including Oppenheimer, Piper Sandler, Susquehanna, UBS, Truist Securities, and Morgan Stanley have adjusted their ratings and price targets, reflecting their current views on the company's performance. Analog Devices faces challenges with a revenue decline of -16.36% as of October 31, 2023, and below-average net margin and ROE compared to industry peers. However, the company has a sound financial structure with a low debt-to-equity ratio of 0.2.
December 22, 2023 | 12:00 pm
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NEUTRAL IMPACT
Analog Devices has received varied analyst ratings, with an average 12-month price target of $204.0. The company's recent revenue decline and below-average profitability metrics may concern investors, but its strong financial structure could provide some reassurance.
The mixed analyst ratings and the slight increase in the average price target suggest a neutral short-term impact on ADI's stock price. The revenue decline and below-average profitability metrics could be offset by the company's strong financial structure, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100