Analog Devices (ADI) Gets A Massive Target Hike After A Strong “Beat-And-Raise” Quarter

With a five-year EPS forecast of 29.65%, Analog Devices, Inc. (NASDAQ:ADI) is among the 12 Best Future Stocks to Buy Right Now.

On May 21, Evercore ISI raised its price target on Analog Devices, Inc. (NASDAQ:ADI) to $474 from $387 and maintained an Outperform rating after the company delivered a quarterly report that exceeded expectations and included improved forward guidance. The firm cited a “beat-and-raise” performance in the April quarter, reflecting stronger-than-anticipated operational execution and reinforcing confidence in the company’s earnings trajectory.

The same day, Baird also raised its price target on Analog Devices, Inc. (NASDAQ:ADI), increasing it to $450 from $365 while maintaining an Outperform rating. The firm updated its model following quarterly results, highlighting power-related products as an emerging growth driver and noting that improving visibility supports continued expansion into 2027, suggesting a favorable long-term demand backdrop for the company’s technology portfolio.

Analog Devices, Inc. (NASDAQ:ADI) is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, and digital signal processing technologies. Its products bridge the physical and digital worlds by converting real-world signals such as temperature, motion, sound, and light into electrical data that can be processed by intelligent systems, making the company a critical supplier across industrial, automotive, communications, and healthcare markets. It is headquartered in Wilmington, Massachusetts, and was founded in 1965.

While we acknowledge the risk and potential of ADI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ADI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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