Reported 2 days ago
Stifel analyst Tore Svanberg has increased the price target for Analog Devices (ADI) from $248 to $270, maintaining a Buy rating. The analyst notes a potential cyclical recovery in the semiconductor industry following an inventory correction, although the recovery's pace remains uncertain. The firm also highlighted that AI-related semiconductor companies are expected to experience significant revenue growth in the coming years.
Source: YAHOO