Analog Devices, Inc. (ADI)
NASDAQ: ADI · IEX Real-Time Price · USD
228.24
+3.06 (1.36%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Analog Devices Stock Forecast
Stock Price Forecast
The 21 analysts with 12-month price forecasts for Analog Devices stock have an average target of 242.19, with a low estimate of 175 and a high estimate of 285. The average target predicts an increase of 6.11% from the current stock price of 228.24.
Analyst Consensus: Buy
* Price targets were last updated on May 28, 2024.
Analyst Ratings
The average analyst rating for Analog Devices stock from 24 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 6 | 8 | 8 |
| Buy | 10 | 10 | 10 | 11 | 8 | 8 |
| Hold | 6 | 6 | 6 | 6 | 8 | 8 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 22 | 22 | 22 | 23 | 24 | 24 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $205 → $252 | Strong Buy | Maintains | $205 → $252 | +10.41% | May 28, 2024 |
| Baird | Baird | Buy Maintains $200 → $250 | Buy | Maintains | $200 → $250 | +9.53% | May 24, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $220 → $250 | Strong Buy | Maintains | $220 → $250 | +9.53% | May 23, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $210 → $270 | Strong Buy | Maintains | $210 → $270 | +18.30% | May 23, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $221 → $260 | Buy | Maintains | $221 → $260 | +13.92% | May 23, 2024 |
Financial Forecast
Revenue This Year
9.42B
from 12.31B
Decreased by -23.47%
Revenue Next Year
10.75B
from 9.42B
Increased by 14.10%
EPS This Year
6.34
from 6.55
Decreased by -3.26%
EPS Next Year
8.09
from 6.34
Increased by 27.71%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.9B | 12.3B | 14.1B | 14.7B | 15.9B |
| Avg | 9.4B | 10.7B | 12.3B | 13.5B | 15.3B |
| Low | 9.1B | 9.8B | 11.2B | 12.5B | 14.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -19.8% | 30.4% | 30.9% | 19.5% | 17.6% |
| Avg | -23.5% | 14.1% | 14.1% | 10.0% | 13.1% |
| Low | -26.3% | 4.5% | 4.0% | 1.9% | 9.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.97 | 10.55 | 12.89 | 14.04 | 16.00 |
| Avg | 6.34 | 8.09 | 10.24 | 12.16 | 15.39 |
| Low | 6.01 | 6.97 | 8.97 | 10.49 | 14.94 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.4% | 66.5% | 59.3% | 37.1% | 31.6% |
| Avg | -3.3% | 27.7% | 26.5% | 18.7% | 26.6% |
| Low | -8.2% | 9.9% | 10.8% | 2.4% | 22.9% |
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.