Analysts have recently evaluated Analog Devices (NASDAQ: ADI) with a variety of perspectives ranging from bullish to bearish. Over the past month, there have been no bullish ratings, one indifferent rating, and no bearish ratings. Looking back further, there were 2 bullish, 3 somewhat bullish, and 2 indifferent ratings. The average 12-month price target stands at $208.55, with a high estimate of $230.00 and a low estimate of $185.00, showing a slight increase from the previous average target of $208.50.
Recent analyst actions have included a range of adjustments to ratings and price targets:
– C J Muse from Cantor Fitzgerald maintained a neutral rating at $205.00.
– Joseph Moore from Morgan Stanley decreased the rating from overweight to $212.00 from $219.00.
– Rick Schafer from Oppenheimer maintained an outperform rating at $215.00.
– William Stein from Truist Securities lowered the buy rating to $222.00 from $226.00.
– Toshiya Hari from Goldman Sachs raised the buy rating to $205.00 from $191.00.
– John Vinh from Keybanc raised the overweight rating to $230.00 from $220.00.
– Tom O’Malley from Barclays raised the equal-weight rating to $185.00 from $180.00.
These recent actions highlight the fluid nature of analyst evaluations in response to shifting market conditions and company performance.
Analog Devices Inc. (ADI) Stock Closes Slightly Lower on March 4, 2024: Strong Price Momentum Maintained
Analog Devices Inc. (ADI) had a mixed day on March 4, 2024, as the stock closed slightly lower after a small drop in after-hours trading. Despite this, ADI is still trading near the top of its 52-week range and above its 200-day simple moving average, indicating strong price momentum.
The price of ADI shares decreased by $1.50 during regular trading hours, representing a 0.76% drop from the previous close. The stock closed at $194.66. However, in after-hours trading, ADI experienced an additional drop of $0.48.
Investors may be keeping a close eye on ADI’s performance, as the stock’s movements on March 4th could be indicative of future trends. Despite the small decline, ADI’s overall price momentum remains strong.
It is important for investors to consider the broader market conditions and any company-specific news or events that may be impacting ADI’s stock price. By staying informed and conducting thorough research, investors can make more informed decisions about their investments in ADI and other companies.
Analog Devices Inc. (ADI) Stock Performance Analysis: Revenue Flat, Net Income Up, EPS Fluctuates
On March 4, 2024, Analog Devices Inc. (ADI) stock performance was closely scrutinized by investors and analysts after the company released its financial results for the past year and the first quarter of the current fiscal year. According to data from CNN Money, ADI reported total revenue of $12.30 billion for the past year, which remained flat compared to the previous year. However, total revenue decreased by 7.5% since the last quarter, indicating a potential slowdown in business operations. In terms of net income, ADI reported a figure of $3.31 billion for the past year, representing a 20.59% increase compared to the previous year. However, net income decreased by 7.16% since the last quarter, raising concerns among investors about the company’s profitability in the short term. Earnings per share (EPS) also saw fluctuations in performance for ADI. The company reported an EPS of $6.55 for the past year, showing a significant increase of 24.7% compared to the previous year. However, EPS decreased by 6.85% since the last quarter, signaling potential challenges in maintaining earnings growth in the near future. Overall, ADI’s stock performance on March 4, 2024, reflected a mixed bag of results. While the company showed strong growth in net income and EPS compared to the previous year, the decline in total revenue and profitability since the last quarter raised concerns among investors. As a result, analysts and shareholders closely monitored ADI’s financial performance and strategic decisions to assess the company’s long-term prospects in the market.
