20 Trending AI Stocks on Latest Analyst Ratings and News

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

Number of Hedge Fund Holders: 64 

Analog Devices, Inc. (NASDAQ:ADI) designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products. Truist recently downgraded the stock to Hold from Buy with a price target of $233, down from $266. In a research note accompanying the downgrade, the advisory claimed that industry revenue growth in the semi world had peaked and was entering a slow fade, while stock investment returns had been robust cycle-to-date, making significant additional returns from here more challenging. However, Truist recognized that the fundamentals of the firm appear to have recently bottomed, raising hopes of a significant recovery in 2025.

The advisory further noted that Analog Devices, Inc. (NASDAQ:ADI) stock was trading at 28x estimated 2025 earnings. Per the investment firm, this represented an historical peak for the company, underlining that much of Analog Devices’ potential upside was already embedded in the stock price.

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