18 AI News and Ratings Making Waves on Wall Street

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5. Analog Devices, Inc. (NASDAQ:ADI)

Number of Hedge Fund Holders: 64

Analog Devices, Inc. (NASDAQ:ADI) develops and sells integrated circuits, software, and subsystems for industries including automotive, communications, and healthcare.

On February 24, TipRanks reported that DBS analyst Jim Hin Kwong Au reaffirmed a Buy rating on Analog Devices with a price target of $287. He expects revenue and earnings to recover, driven by demand in industrial and automotive markets, especially AI-powered solutions and China’s EV sector. The Maxim acquisition has strengthened ADI’s market position, expanding its product range for automotive and data centers. A diverse portfolio, solid cash flow, and a growing dividend also support the positive outlook.

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