Do Wall Street Analysts Like Analog Devices Stock?

Company Overview - Analog Devices, Inc. (ADI) has a market cap of $156.6 billion and operates as a global semiconductor company, focusing on integrated circuits, software, and subsystems for various industries including industrial, automotive, communications, aerospace, defense, and healthcare [1] Stock Performance - Over the past 52 weeks, ADI stock has increased by 54.2%, significantly outperforming the S&P 500 Index, which rose nearly 14% during the same period [2] - Year-to-date, ADI shares are up 18.2%, compared to a modest 1.3% gain for the S&P 500 [2] - ADI has also outperformed the State Street Technology Select Sector SPDR ETF (XLK), which returned 20.2% over the past 52 weeks [3] Financial Results - On November 25, 2025, ADI reported strong Q4 2025 results, with adjusted EPS of $2.26 and revenue of $3.08 billion, both exceeding expectations [4] - The company provided an optimistic Q1 2026 outlook, forecasting revenue of $3.1 billion (±$100 million) and adjusted EPS of $2.29, surpassing Wall Street estimates [4] - The industrial segment experienced a 34% year-over-year growth, reaching $1.43 billion, while communications revenue was stronger than expected at $389.8 million [4] Future Projections - For the fiscal year ending in October 2026, analysts project ADI's adjusted EPS to increase nearly 28% year-over-year to $9.97 [5] - ADI has a strong earnings surprise history, having beaten consensus estimates in the last four quarters [5] Analyst Ratings - Among 33 analysts covering ADI, the consensus rating is a "Strong Buy," consisting of 22 "Strong Buy" ratings, three "Moderate Buys," and eight "Holds" [5] - Morgan Stanley analyst Joseph Moore raised ADI's price target to $314 while maintaining an "Overweight" rating, with the stock currently trading above the mean price target of $310.31 [6] - The highest price target on the Street is $375, indicating a potential upside of 17% from current price levels [6]