The Analyst Verdict: Analog Devices In The Eyes Of 21 Experts
Portfolio Pulse from Benzinga Insights
Analysts' ratings for Analog Devices (NASDAQ:ADI) over the last quarter show a range of sentiments from bullish to bearish. The average 12-month price target has increased by 16.5% to $252.81. Recent analyst actions include multiple rating raises and price target increases, reflecting a positive shift in sentiment.
July 18, 2024 | 4:00 pm
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POSITIVE IMPACT
Analog Devices (NASDAQ:ADI) has seen a positive shift in analyst sentiment, with the average 12-month price target rising by 16.5% to $252.81. Multiple analysts have raised their ratings and price targets, indicating increased confidence in the company's future performance.
The increase in the average 12-month price target and multiple rating raises by analysts suggest a positive outlook for Analog Devices. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100