Analog Devices Stock Forecast Details<\/a><\/div>\n<\/div>\n<\/div>\nThe adjusted EPS grew by 32% YOY and is expected to remain strong this year<\/strong>. The guidance forecasts $2.75 billion in revenue and $1.82 per share in earnings for Q3, indicating that the Q2 strength was not a fluke, and both are well ahead of the analysts’ consensus reported by MarketBeat.\u00a0<\/p>\nThe analysts\u2019 response to the news is bullish<\/strong>, although the details are mixed individually. Some lowered their price targets while others increased, reiterated, or initiated coverage. However, the consensus of revisions aligns with the broader Moderate Buy rating and a $248 price target forecast<\/strong>, representing a 15% increase in stock price relative to early June trading levels. That price point also aligns with the all-time highs, a critical pivot point for the market if exceeded.\u00a0<\/p>\nAnd Analog Devices\u2019 balance sheet provides no red flags for investors<\/strong>. It reflects slightly reduced assets, offset by a reduction in liabilities and a steady level of equity. Leverage remains low with long-term debt less than 0.2x equity, and the cash position is flush.<\/p>\nInstitutional Investors Were a Headwind Ahead of the Q2 Release<\/h2>\n
Institutions own more than 85% of Analog Devices’ stock<\/strong> in early June and provide a solid support base for the market. The bad news is that they were selling on balance ahead of the report, and the early indication is that there is no change after.<\/p>\nIf they remain sellers on balance, the market for ADI stock is unlikely to move higher without a catalyst to drive retail investors into it. That is unlikely to happen until the subsequent earnings report or later.\u00a0<\/p>\n
The price action in ADI stock has been mixed since the Q2 release, but is bullish on balance. The market is above critical support at a cluster of moving averages, with stochastic and MACD indicating higher prices<\/strong>. The market will likely move higher in this scenario, but there is a risk that the gains will be capped. The target resistance points are near $230 and $240 and could be reached this summer.\u00a0<\/p>\n![\"ADI](\"https:\/\/www.marketbeat.com\/logos\/articles\/med_20250603112324_chart-adi-632025.png\")
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Before you consider Analog Devices, you’ll want to hear this.<\/p>\n
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks<\/a> that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Analog Devices wasn’t on the list.<\/p>\nWhile Analog Devices currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.<\/p>\n
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