BUZZ-Analog Devices gains as Benchmark starts with 'buy'
ReutersFeb 14, 2025 12:55 PM
Analog Devices ADI.O shares up ~1% at $211 premarket
Benchmark starts coverage of chipmaker with "buy" and $245 PT
Expects Maxim Integrated deal to unlock over $1 bln rev synergies by FY27 and enhance ADI's system-level solutions, capturing a larger share of semiconductor bill of materials
"Strong AI-related demand in test and measurement, optical modules, and power solutions is expected to drive significant revenue growth from late 2025," adds brokerage
Average rating of 32 analysts on ADI is "buy" and their mean PT is $251 -LSEG data
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