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Stock impact report

Analog Devices, Inc. (ADI) Stands to Benefit as BofA Highlights Sector Tailwinds [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
On January 21, BofA raised its price target on Analog Devices, Inc. (NASDAQ:ADI) to $350 from $320, while maintaining a Buy rating on the stock. The move came alongside a broader update to the bank's diversified analog semiconductor coverage, with higher targets across most of the group. BofA said it expects modest Q4 earnings beats and stronger Q1 guidance from many names in the space. In the bank's view, industrial-focused chipmakers could be the ones to lead the next leg higher, supported by improving demand in several end markets, steady pricing, and continued strength tied to AI-related buildouts. Analog Devices has also been putting more weight behind innovation over the past few years. The company has been investing consistently in R&D to keep pace with customer needs across industrial, automotive, communications, and consumer markets, while protecting its technology advantage. That approach is centered on staying close to customers, keeping product development on track, a Show less Read more
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