Analog Devices, Inc. (NASDAQ:ADI) is included among
Dividend Contenders List: Top 20 Stocks.
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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, and aligning its portfolio with longer-term themes such as factory digitization and the ongoing expansion of AI infrastructure.
Analog Devices, Inc. (NASDAQ:ADI) is a global semiconductor company that designs and sells integrated circuits, software, and subsystem solutions using high-performance analog, mixed-signal, and digital signal processing technologies.
While we acknowledge the potential of ADI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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