What 3 Analyst Ratings Have To Say About Analog Devices
Portfolio Pulse from Benzinga Insights
Three analysts have recently provided ratings on Analog Devices (NASDAQ:ADI), with one bullish and two indifferent. The average 12-month price target is $250.67, up 8.99% from the previous $230.00. Despite positive analyst sentiment, ADI faces challenges with a 33.83% revenue decline and below-benchmark profitability metrics.
August 22, 2024 | 12:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Analog Devices received mixed analyst ratings with a bullish outlook and an increased price target. However, the company faces significant challenges, including a 33.83% revenue decline and below-benchmark profitability metrics.
The mixed analyst ratings, with a bullish outlook and increased price target, suggest potential positive sentiment. However, the significant revenue decline and below-benchmark profitability metrics present challenges that could offset positive analyst sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100