Analog Devices (ADI) Shares Up 81% Yearly; Raised Price Targets
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowAnalog Devices, Inc. (NASDAQ:ADI) has experienced an 81% increase in shares over the past year, with a 40% rise year-to-date. Cantor Fitzgerald recently raised its price target for ADI to $510 from $400, maintaining an Overweight rating. Wells Fargo also increased its price target to $470 from $410, citing strength in the industrial and communications sectors. The positive sentiment around ADI is linked to strong demand from the data center industry and an uptick in the analog chip sector during Q1 2026.
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About Analog Devices Inc. (ADI)
Analog Devices makes analog and mixed-signal chips.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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