Analog Devices (NASDAQ:ADI) delivered stronger-than-expected quarterly results on Wednesday and issued an upbeat outlook, signaling momentum across industrial and communications markets while highlighting new structural growth drivers in AI, aerospace, and automation.Following the results, JP Morgan analyst Harlan Sur maintained an Overweight rating on ADI and increased the price forecast from $300 to $310.Sur cited a stronger cyclical recovery and expanding secular drivers. He lifted his forward estimates, projecting fiscal 2026 EPS of ~$8.85, and applied a 35x multiple, the high end of peer group valuations, reflecting ADI’s premium margins and diversified growth profile.Also Read: Analog Devices Eyes Solid Finish To 2025 Fueled By Strong Industrial, Auto SalesSur noted that July-quarter revenue rose 9% ...Full story available on Benzinga.com
Analog Devices Unlocks New Growth Engines In AI, Aerospace, And Robotics
