Latest Analyst Views on Coatue’s Favorite 33 AI Stocks

Page 10 of 33

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

Number of Hedge Fund Holders: 64 

Oppenheimer recently raised the price target on Analog Devices, Inc. (NASDAQ:ADI) to $265 from $225 and kept an Outperform rating on the shares ahead of quarterly results. ADI designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products. The advisory saw upside to Q2 results and Q3 outlook as an overdue cyclical recovery took root. Tariff noise was easing a bit but first half of the year pull-in activity likely muted second half seasonality, in Oppenheimer’s view. The advisory viewed Analog Devices as a prime beneficiary of cyclical rebound in core auto/industrial.

Page 10 of 33