What 11 Analyst Ratings Have To Say About Analog Devices
Portfolio Pulse from Benzinga Insights
Analyst ratings for Analog Devices (NASDAQ:ADI) over the past quarter show a mix of opinions, with a recent shift towards a more neutral stance. The latest 12-month price targets suggest an average of $205.45, marking a 2.8% increase from the previous $199.86. Despite diverse analyst opinions, the company faces financial challenges, including a -16.36% revenue decline as of October 31, 2023, and below-average performance metrics such as net margin and ROE compared to industry peers.
February 12, 2024 | 6:00 pm
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Analyst ratings for ADI show mixed opinions but lean towards neutral, with a new average price target of $205.45. Financial challenges include a significant revenue decline and below-average performance metrics.
The mixed analyst ratings with a slight increase in the price target suggest a neutral short-term impact on ADI's stock price. However, the significant revenue decline and below-average performance metrics could temper investor enthusiasm, potentially limiting any positive movement in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100