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Analog Devices Inc. (ADI) stock has reached an all-time high, touching $276.00, marking a significant milestone for the company. Over the past year, ADI has experienced a robust growth trajectory, with its stock price appreciating by an impressive 26.29%, slightly outpacing its 6-month return of 26.03%. This surge reflects investor confidence and the company’s solid performance, evidenced by 16.89% revenue growth and 22 analysts revising earnings upwards for the upcoming period according to InvestingPro data.The achievement of this all-time high is indicative of the positive market sentiment surrounding Analog Devices, as it continues to expand its footprint and innovate within its sector. However, with a P/E ratio of 59.9 and trading above its InvestingPro Fair Value, the stock currently appears overvalued despite its "GOOD" overall financial health score. Investors seeking deeper insights can access comprehensive Pro Research Reports covering what really matters about ADI and 1,400+ other top stocks.
In other recent news, Analog Devices reported quarterly results that slightly exceeded expectations, with performance surpassing guidance across all end markets. This was attributed to lean channel inventories and improved cyclical conditions, along with a strengthening pipeline of design wins in artificial intelligence, automation, and next-generation connectivity applications. Following these results, Benchmark reiterated its Buy rating on the stock, maintaining a price target of $285. Wolfe Research also raised its price target to $300, citing anticipated growth in the Industrial and Communications segments.
Baird increased its price target to $275, maintaining an Outperform rating, and pointed to management’s positive outlook for 2026. Bernstein raised its target to $270, noting Analog Devices’ performance as "decently above peers" in the ongoing analog recovery cycle. BofA Securities increased its target to $290, highlighting the company’s role as its top analog semiconductor pick due to a combination of cyclical recovery and secular growth. These developments indicate a strong focus on growth and recovery for Analog Devices across various segments.
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