These Analysts Revise Their Forecasts On Analog Devices After Q3 Results
Portfolio Pulse from Avi Kapoor
Analog Devices, Inc. (NASDAQ:ADI) reported better-than-expected Q3 results, with revenue and EPS surpassing analyst estimates. Despite a 25% YoY revenue decline, the company is optimistic about Q4 growth. Analysts revised their price targets, with mixed adjustments.
August 22, 2024 | 4:20 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Analog Devices reported better-than-expected Q3 results, with revenue and EPS beating estimates. Despite a YoY revenue decline, the company is optimistic about Q4 growth. Analysts revised their price targets, with some increasing and others decreasing.
Analog Devices' Q3 results exceeded expectations, which is generally positive for the stock. The company's optimistic outlook for Q4 suggests potential growth, contributing to a positive short-term impact. However, the mixed analyst price target revisions indicate some uncertainty, slightly tempering the positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100