Analog Devices, Inc. (ADI)

Analog Devices Stock Forecast

Stock Price Forecast

The 20 analysts with 12-month price forecasts for Analog Devices stock have an average target of 247.3, with a low estimate of 185 and a high estimate of 285. The average target predicts an increase of 13.22% from the current stock price of 218.42.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$185	$247.3	$250	$285
Change	-15.30%	+13.22%	+14.46%	+30.48%

Analyst Ratings

The average analyst rating for Analog Devices stock from 21 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	8	8	7	7	7	6
Buy	8	8	7	7	7	7
Hold	8	7	7	7	8	8
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	24	23	21	21	22	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
William Stein Truist Securities	Truist Securities	Hold Maintains $233 → $227	Hold	Maintains	$233 → $227	+3.93%	Nov 27, 2024
Harsh Kumar Piper Sandler	Piper Sandler	Hold Maintains $235 → $220	Hold	Maintains	$235 → $220	+0.72%	Nov 27, 2024
Joseph Moore Morgan Stanley	Morgan Stanley	Buy Maintains $252 → $248	Buy	Maintains	$252 → $248	+13.54%	Nov 27, 2024
Joshua Buchalter TD Cowen	TD Cowen	Strong Buy Maintains $270 → $260	Strong Buy	Maintains	$270 → $260	+19.04%	Nov 27, 2024
Quinn Bolton Needham	Needham	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Nov 27, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

10.27B

Increased by 8.92%

from 9.43B

Revenue Next Year

11.66B

Increased by 13.60%

from 10.27B

EPS This Year

7.18

Increased by 118.78%

from 3.28

EPS Next Year

8.99

Increased by 25.31%

from 7.18

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Oct 31, 2020	Oct 30, 2021	Oct 29, 2022	Oct 28, 2023	Nov 2, 2024	Nov 2, 2025	Nov 2, 2026	Nov 2, 2027
Revenue	5.60B	7.32B	12.01B	12.31B	9.43B	10.27B	11.66B	12.87B
Revenue Growth	-6.48%	30.61%	64.16%	2.43%	-23.39%	8.92%	13.60%	10.31%
EPS	3.28	3.46	5.25	6.55	3.28	7.18	8.99	11.16
EPS Growth	-10.14%	5.49%	51.73%	24.76%	-49.92%	118.78%	25.31%	24.05%
Forward PE	-	-	-	-	-	30.44	24.29	19.58
No. Analysts	-	-	-	-	-	33	30	12

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	11.8B	13.7B	14.8B
Avg	10.3B	11.7B	12.9B
Low	9.6B	10.2B	11.2B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	24.6%	33.7%	26.8%
Avg	8.9%	13.6%	10.3%
Low	1.3%	-0.2%	-4.2%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	8.82	11.48	15.09
Avg	7.18	8.99	11.16
Low	6.42	7.15	8.97

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	168.9%	59.9%	67.8%
Avg	118.8%	25.3%	24.1%
Low	95.7%	-0.3%	-0.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.