Analog Devices Stock Gets a New Buy Rating Ahead of Earnings. Why It’s a ‘Cash Generating Machine.’ - Barron's
1. Benchmark analyst rates ADI as 'one of the most attractive opportunities' in semiconductors. 2. ADI's target price of $245 implies 17% upside from current levels. 3. The Maxim acquisition is expected to unlock substantial revenue synergies. 4. ADI generated $400 million in AI-related revenue in 2023, exceeding expectations. 5. 21 out of 34 analysts rate ADI as 'Buy' or equivalent.