Top Wall Street Forecasters Revamp Analog Devices Expectations Ahead Of Q2 Earnings

Earnings Report - Analog Devices, Inc. is set to release its second-quarter earnings results on May 22, with analysts expecting earnings of $1.70 per share, an increase from $1.40 per share in the same period last year [1] - The company is projected to report quarterly revenue of $2.51 billion, compared to $2.16 billion a year earlier [1] Stock Performance - Analog Devices shares fell 1% to close at $222.22 on Wednesday [2] Analyst Ratings - Stifel analyst Tore Svanberg maintained a Buy rating and raised the price target from $225 to $248 [8] - Citigroup analyst Christopher Danely maintained a Buy rating and increased the price target from $235 to $260 [8] - Cantor Fitzgerald analyst C J Muse maintained a Neutral rating and raised the price target from $230 to $250 [8] - Oppenheimer analyst Rick Schafer maintained an Outperform rating and boosted the price target from $225 to $265 [8] - UBS analyst Timothy Arcuri maintained a Buy rating but reduced the price target from $300 to $295 [8]