12 Strong Buy Stocks to Buy and Hold for the Next 5 Years

9. Analog Devices, Inc. (NASDAQ:ADI)

On May 21, 2026, Raymond James raised the firm’s price target on Analog Devices, Inc. (NASDAQ:ADI) to $430 from $385 and maintained an Outperform rating on the shares. Raymond James said Analog Devices delivered another strong quarter, with accelerating AI-driven data center demand accounting for most of the communications revenue. The firm also cited the acquisition of Empower Semiconductor, which expands the company’s AI and data center power exposure.

TD Cowen also raised the firm’s price target on Analog Devices, Inc. (NASDAQ:ADI) to $450 from $400 and maintained a Buy rating on the shares. TD Cowen said the upcycle continues, with strong results in industrial and communications supported by upside in automotive. The firm added that AI data center-related revenue grew considerably again, while the Empower tuck-in deal should bolster low-voltage power offerings.

On May 20, 2026, Analog Devices, Inc. (NASDAQ:ADI) reported fiscal Q2 adjusted EPS of $3.09, ahead of the consensus estimate of $2.90. Revenue totaled $3.62B, above the consensus estimate of $3.51B. CEO and Chair Vincent Roche said the quarter came in above the high end of the company’s outlook, reflecting “record demand” and operational discipline. Roche added that ADI continues to invest in technology leadership and long-term value for customers and shareholders.

Analog Devices, Inc. (NASDAQ:ADI) designs, manufactures, tests, and markets integrated circuits, software, and subsystem products globally.

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