11 Analysts Assess Analog Devices: What You Need To Know
Portfolio Pulse from Benzinga Insights
Analog Devices (NASDAQ:ADI) has been analyzed by 11 analysts, showing a shift towards a more cautious stance with 0 bullish and 1 indifferent rating in the last 30 days, compared to more optimistic ratings 1 month ago. The 12-month price target averages at $208.55, slightly up from $208.50. Recent analyst actions include adjustments to ratings and price targets by firms such as Morgan Stanley, Oppenheimer, and Goldman Sachs, reflecting changing market dynamics and company performance. Despite this, ADI faces challenges with a -22.68% revenue decline over 3 months and below-average profitability and efficiency metrics.
March 04, 2024 | 8:00 pm
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NEGATIVE IMPACT
Analog Devices faces a cautious outlook from analysts with a recent shift towards more indifferent ratings and a minor increase in the 12-month price target. The company is also challenged by significant revenue decline and below-average profitability metrics.
The shift in analyst sentiment towards more cautious ratings, combined with the company's significant revenue decline and below-average profitability and efficiency metrics, suggests potential short-term negative impact on ADI's stock price. The slight increase in the price target does not offset the concerns raised by the company's current financial health and market challenges.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100