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Nov 26, 2025 4:00 PM

Analog Devices Posts Q3 Beat; Secular Tailwinds, Cyclical Recovery Sets The Stage For FY26 Upside, Analysts Say

Shares of Analog Devices Inc (NASDAQ:ADI) climbed in early trading on Wednesday after the company reported upbeat third-quarter earnings.

Here are some key analyst takeaways:

JPMorgan analyst Harlan Sur maintained an Overweight rating, while raising the price target from $310 to $320.

Benchmark analyst David Williams reaffirmed a Buy rating and a $285 price target.

Needham analyst Quinn Bolton reiterated a Hold rating on the stock.

Check out other analyst stock ratings.

JPMorgan: Analog Devices reported strong results and guidance, which were "underpinned by continued cyclical tailwinds" and momentum in "key areas of secular growth," Sur said in a note. Trends remain above seasonal levels, driving improving year-over-year comps.

Analog Devices' quarterly revenues are fast approaching prior peak levels. They could even ...