Bernstein Maintains a Hold Rating on Analog Devices Inc. (ADI).

Analog Devices Inc. (NASDAQ:ADI) is one of the 8 Biggest EV Stocks to Watch in 2025. According to a published report, Bernstein analyst Stacy Rasgon kept Analog Devices Inc. (NASDAQ:ADI) at a Hold rating, with a $220.00 price target. Yesterday, the closing price of the company’s shares was $227.66.

Bernstein Remains a Hold on Analog Devices Inc. (NASDAQ:ADI).

A technician working on power management in a semiconductor factory.

The second-quarter fiscal revenue of Analog Devices Inc. (NASDAQ:ADI), $2.64 billion, jumped by 9% sequentially and exceeded the high end of projections, with growth of at least 10% in all end markets. The fiscal third-quarter revenue prediction of $2.75 billion from ADI exceeded the consensus estimates from FactSet.

Analog Devices Inc. (NASDAQ:ADI) is a prominent manufacturer of chips for analog, mixed-signal, and digital signal processing. The company holds a substantial market share advantage in converter chips, which convert analog signals to digital and vice versa. The company provides services to tens of thousands of customers; industrial and automotive end industries account for over half of its chip sales.

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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