Analog Devices: JP Morgan raises PT to $310 from $300, maintains Overweight rating.

Analog Devices: JP Morgan raises PT to $310 from $300, maintains Overweight rating.

JP Morgan has upgraded its price target for Analog Devices (ADI) to $310 from $300, while maintaining an Overweight rating. The move reflects a bullish outlook on the semiconductor company's prospects, particularly in the auto and industrial sectors.

According to the latest analyst ratings from MarketBeat [1], ADI has a consensus rating of "Moderate Buy" based on 26 Wall Street analysts. The consensus price target stands at $258.89, indicating a forecasted upside of 5.73% from the current price of $244.87. JP Morgan's new target price suggests a more optimistic view of ADI's future performance.

The upgrade comes as ADI's stock has been trading up by 6.46% amid positive market sentiment and robust financial projections [2]. The company's strong financial performance, with revenue growth of 22.3% and a profit margin of 16.41%, has been a key driver of investor confidence. Additionally, the company's cash position of $23.76 billion and minimal debt level further support its financial stability.

JP Morgan's upgrade is in line with recent analyst upgrades and increased price targets. Seaport Research has upgraded ADI to "Neutral" from "Sell," while Morgan Stanley has raised its price target to $273 [2]. These upgrades suggest a potential turnaround in the analog inventory cycle and improvements in the macro economy.

Analog Devices' upcoming fiscal Q3 results, expected on August 20, 2025, are likely to provide further insights into its growth trajectory. The company's strategic positioning in the auto and industrial sectors, coupled with its strong financial performance, make it a compelling entity to watch.

References:
[1] https://www.marketbeat.com/stocks/NASDAQ/ADI/forecast/
[2] https://stockstotrade.com/news/analog-devices-inc-adi-news-2025_08_20-2/