Keybanc Reaffirms Overweight on Analog Devices, Raises PT to $310

Keybanc Reaffirms Overweight on Analog Devices, Raises PT to $310

Keybanc Capital Markets has reaffirmed its overweight rating on Analog Devices (ADI) and raised its price target to $310. The firm's decision is based on the company's robust performance in the third quarter of 2025 and its strong outlook for the fourth quarter [2].

Analog Devices reported an EPS of $2.50, surpassing the predicted $1.95, and revenue of $2.88 billion, topping the forecasted $2.76 billion. The company's stock price increased by 4.15% in pre-market trading following the earnings announcement [2].

Keybanc's analysts highlighted ADI's strong market position, diversified business model, and leadership in industrial, automotive, and communications sectors. The firm also noted the company's ability to capitalize on growth opportunities in these sectors, particularly in robotics and automation technologies [2].

The upgrade comes as ADI continues to demonstrate resilience and innovation-driven growth. The company's guidance for the fourth quarter of 2025 projects revenue of $3 billion ± $100 million and an EPS of $2.22 ± $0.10 [2].

Analyst consensus remains bullish, with price targets ranging from $155 to $300, suggesting potential upside from current levels [2]. Keybanc's new price target of $310 reflects the firm's confidence in ADI's growth prospects and its ability to outperform expectations.

References:

[1] https://www.marketbeat.com/stocks/NASDAQ/ADI/forecast/
[2] https://www.investing.com/news/transcripts/earnings-call-transcript-analog-devices-beats-q3-2025-forecasts-stock-rises-93CH-4202681