Analog Devices, Inc. (NASDAQ:ADI) is one of the
10 Best Electric Vehicle Supply Chain Stocks to Invest In.
On May 13, 2026, Cantor Fitzgerald raised the firm’s price target on Analog Devices, Inc. (NASDAQ:ADI) to $510 from $400 while maintaining an Overweight rating on the shares. The firm said the analog semiconductor cycle turned higher in Q1, supported by broad-based earnings beats and guidance increases tied to strength in industrial and data center markets. Cantor added that improving pricing, lead times, and order trends point to a fifth consecutive quarter of above-seasonal growth, though the analog segment may still lag more AI-focused semiconductor areas.
Wells Fargo also raised the firm’s price target on Analog Devices, Inc. (NASDAQ:ADI) to $470 from $410 and maintained an Overweight rating. The firm said it remains constructive on the stock ahead of Q2 results and expects another beat-and-raise quarter driven by accelerating AI demand and continued industrial market strength.
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Similarly, Oppenheimer raised the firm’s price target on Analog Devices, Inc. (NASDAQ:ADI) to $450 from $400 while maintaining an Outperform rating ahead of earnings. The firm said it expects upside to both Q2 results and Q3 guidance, supported by strength in industrial and communications markets.
Analog Devices, Inc. (NASDAQ:ADI) designs, manufactures, tests, and markets integrated circuits, software, and subsystem products globally.
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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