BMO Capital analyst Ambrish Srivastava maintained a Buy rating on Analog Devices (NASDAQ:ADI) on Monday, setting a price target of $190, which is approximately 27.00% above the present share price of $149.61.
Srivastava expects Analog Devices to post earnings per share (EPS) of $1.05 for the second quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in Analog Devices, with an average price target of $179.
The analysts price targets range from a high of $200 to a low of $160.
In its latest earnings report, released on 01/31/2021, the company reported a quarterly revenue of $1.56 billion and a net profit of $464.3 million. The company's market cap is $55.19 billion.
According to TipRanks.com, BMO Capital analyst Ambrish Srivastava is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.4% and a 77.64% success rate.
Massachusetts-based Analog Devices, Inc. is a multinational semiconductor company, which designs, develops, manufactures, and markets integrated circuits (ICs) that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, power management and reference products and digital signal processing and system products. The company also serves clients in the industrial, automotive, consumer, and communications markets.