Bank of America Securities Analyst Reiterates Buy Rating on Analog Devices, ADI
Vivek Arya analyst at Bank of America Securities reiterates coverage on Analog Devices (ADI) in the 5G sector with a Buy rating. TipRanks.com has Arya rated as a 5 star analyst with a 62% return on investment and a 22% success rate. Arya has set a price target of $190.
TipRanks.com reports that Analog Devices currently has 10 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $199.78. The target pricing ranges from a high forecast of $220.00 down to a low forecast of $172.00. Analog Devices (ADI)’s last closing price was $146.88 which would put the average price target at 36.02% upside.
In addition, TradingView issued a Strong Sell rating for ADI over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bearish short-term outlook. Remember, securities are volatile, so please do your own research on ADI.
Other analysts covering ADI include:
- Joseph Moore of Morgan Stanley issued a Hold rating with the price target of $ 173 on 2 weeks ago
- William Stein of Truist Financial issued a Buy rating with the price target of $ 203 on 1 month ago
- Tristan Gerra of Robert W. Baird issued a Buy rating with the price target of $ 220 on 1 month ago
- Pradeep Ramani of UBS issued a Buy rating with the price target of $ 210 on 1 month ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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