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Stock impact report

BNP Paribas Spots Major Upside in Analog Devices, Inc. (ADI) Ahead of Earnings [Yahoo! Finance]

Analog Devices, Inc. (ADI) 
Last analog devices, inc. earnings: 2/19 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.analog.com/investor-relations
Company Research Source: Yahoo! Finance
4, BNP Paribas analyst David O'Connor initiated coverage on Analog Devices, Inc. (NASDAQ:ADI) with an ‘Outperform' rating and a price target of $200. This positive outlook, implying a potential upside of around 33%, comes ahead of the company's fiscal fourth-quarter results, scheduled for November 25. The analyst, after studying the company's highly differentiated product solutions, determined that the products deliver high performance and longevity, all while serving a very fragmented customer base of around 125,000 clients. O'Connor highlights that the company's “blended ASP of 4x the analog average (40c)” aids Analog Devices, Inc. (NASDAQ:ADI) in driving a top-class gross margin. Analog Devices, Inc. (NASDAQ:ADI) Digging deeper, O'Connor noted that despite analog and industrial cycle remaining a “headwind,” there exist signs that part of the chip market is beginning to turn the corner. “End customers remain cautious on macro/tariff concerns and are managing WCR into year-en Show less Read more
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