Analyst Firms Upgrade Analog Devices Price Targets
Morgan Stanley and Bank of America have increased their price targets for Analog Devices, citing the company's strength in the data center market and robust growth. The firm's stock is poised for further upside.
Wall Street is leaning more constructive on ADI. Morgan Stanley lifted its ADI price target to $428, then later to $460, citing accelerating data-center exposure. Bank of America also raised its target, pointing to data-center strength as a multi-year growth vector.
Oppenheimer reiterated its rating on Analog Devices, joining a chorus of firms that view AI infrastructure demand as a durable tailwind for the analog semiconductor maker. The upgrades follow ADI's recent earnings beat and signal that the sell-side is willing to underwrite a higher multiple as long as data-center momentum holds.
Investors should watch the next print for confirmation that data-center revenue is accelerating faster than industrial weakness can drag it down. A continued mix shift toward higher-content AI-server power and signal chains would support the upgrade cycle; any deceleration could quickly reverse it.
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