Analog Devices: Continue To View FY2024 As The Year Of Recovery

SweetBunFactory Investment action I recommended a buy rating for Analog Devices, Inc. (NASDAQ:ADI) when I wrote about it the last time. As I expected, FY24 to be the trough of this cycle, the business should start to see positive growth inflection. Based on my current outlook and analysis, I recommend a buy rating. 1Q24 performance reinforced my view that FY24 is likely to see a recovery, and FY25 should see growth accelerate. The strong gross margin performance, continued focus on driving down inventor ...