Stifel Nicolaus analyst Tore Svanberg maintained a Buy rating on Analog Devices (ADI – Research Report) on February 14 and set a price target of $275.00. The company’s shares closed last Friday at $214.61.
According to TipRanks, Svanberg is a 5-star analyst with an average return of 16.5% and a 58.48% success rate. Svanberg covers the Technology sector, focusing on stocks such as Semtech, Credo Technology Group Holding Ltd, and Marvell.
Analog Devices has an analyst consensus of Moderate Buy, with a price target consensus of $249.67, representing a 16.34% upside. In a report released on February 14, Benchmark Co. also initiated coverage with a Buy rating on the stock with a $245.00 price target.
ADI market cap is currently $106.5B and has a P/E ratio of 65.45.
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