Analog Devices: Evercore ISI Group raises PT to $303 from $280.

Analog Devices: Evercore ISI Group raises PT to $303 from $280.

Analog Devices, Inc. (NASDAQ: ADI) saw a significant boost in its stock price following the positive earnings report for its fiscal Q3 2025. The company reported a strong earnings beat, with earnings per share (EPS) of $2.05 compared to the expected $1.95, and revenue of $2.88 billion against the consensus $2.76 billion. This performance has led to a series of upward revisions in price targets by various analysts, with Evercore ISI Group being the latest to raise its target.

Evercore ISI Group, a leading research firm, has revised its price target for ADI from $280 to $303, reflecting a 22.7% upside [1]. This increase comes on the heels of the company's robust Q3 results and optimistic guidance for the upcoming quarter. The positive sentiment is further fueled by the strong demand across key end markets such as industrial, communications, AI, aerospace, and automation, which have underpinned the company's growth.

Other notable analysts have also raised their price targets for ADI. JPMorgan and KeyCorp increased their targets to $310, while Morgan Stanley raised its target from $273 to $288. Additionally, Benchmark Co. boosted its target from $260 to $285. These upward revisions reflect the analysts' optimism about ADI's future prospects and the company's ability to capitalize on the growing AI-driven semiconductor supercycle [2].

Despite the positive sentiment, there are some mixed signals from other analysts. Wells Fargo raised its price target to $250, indicating a more cautious outlook with only a 1.2% upside. Similarly, Truist Financial nudged its target to $249, maintaining a hold rating. These neutral sentiments suggest a balanced outlook on ADI's performance, acknowledging both the company's strong recent performance and the potential for cyclical recovery and inventory caution [3].

Investors have also shown elevated interest in ADI, with a significant spike in call options. The volume of ADI call options purchased has surged by 180% over the average, indicating a high level of interest but mixed directional bets [4].

In summary, the latest earnings report and the subsequent upward revisions in price targets by analysts reflect a positive outlook for Analog Devices. The company's strong performance and optimistic guidance for the future have contributed to the bullish sentiment among investors and analysts alike.

References:
[1] https://www.marketbeat.com/stocks/NASDAQ/ADI/news/
[2] https://www.marketbeat.com/stocks/NASDAQ/ADI/news/
[3] https://www.marketbeat.com/stocks/NASDAQ/ADI/news/
[4] https://www.marketbeat.com/stocks/NASDAQ/ADI/news/