
Analog Devices (ADI) Stock Forecast & Price Target
Analog Devices (ADI) Analyst Ratings
Bulls say
Analog Devices is experiencing significant growth, with wireless revenue showing double-digit growth both quarter-over-quarter and year-over-year, reflecting strong demand across various sectors. The company has achieved an improvement in its operating margin, rising by 100 basis points to 42.2%, supported by robust revenue growth that has counterbalanced the impact of increased variable compensation. Furthermore, all industrial automation subsectors are now exhibiting positive growth, with heightened demand for high-connectivity solutions, and a forecasted operating margin increase to 43.5% suggests continued financial strength.
Bears say
The financial analysis reveals a decline in Analog Devices' gross margin to 69.2%, which fell short of expectations primarily due to utilization issues at its European fabrication facility. Furthermore, persistent weaknesses in end-market demand, exacerbated by excess inventory and a decline in business confidence, have led to expectations of revenue contraction, particularly in pivotal sectors like automotive and 5G wireless. Compounding these concerns, the company's industrial mix has dipped, contributing to a forecasted 12% quarter-over-quarter decline in automotive revenue.
This aggregate rating is based on analysts' research of Analog Devices and is not a guaranteed prediction by Public.com or investment advice.
Analog Devices (ADI) Analyst Forecast & Price Prediction
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