Morgan Stanley reiterates overweight rating on Analog Devices, Inc. stock, potential impact on price.
Stock AI’s forecasts:
🟢 +1.2% short-term ⬆️
🟢 +3.2% long-term ⬆️
Stock AI’s (ADI) Forecast get (+7.8% Profit)
StockAI’s analysis delivers real-world results. On 13 February 2024, $ADI ($183.6), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $197.9 (🟢7.8%). Buying ADI on this signal yielded a +7.8% profit 💰💰.
ADI-Analog Devices, Inc. News
🟢 Morgan Stanley restated their overweight rating on shares of Analog Devices, Inc., with a $212.00 price target, signaling confidence in the stock’s performance.
🔴 Confluence Wealth Services Inc. lowered its stake in ADI by 8.9% during the fourth quarter, potentially signaling a lack of faith in the company’s future prospects.
🔴 Geneos Wealth Management Inc. cut its position in ADI by 13.8% in the fourth quarter, indicating a bearish sentiment towards the stock.
🔴 Wendell David Associates Inc. reduced its stake in ADI by 23.7% in the fourth quarter, suggesting a negative outlook on the company’s performance.
🟢 Evercore ISI started coverage on shares of Analog Devices, Inc. with an “outperform” rating and a $254.00 price target, boosting investor confidence in the stock.
🔴 Raymond James & Associates lifted its position in ADI by 8.3% during the fourth quarter, potentially signaling a lack of faith in the company’s future growth.
Analog Devices, Inc. has recently seen a mix of positive and negative news that has impacted investor sentiment and potentially affected the stock price. While some analysts have reiterated their bullish outlook on the company, others have reduced their stake in ADI, indicating a lack of confidence in its future performance. The conflicting signals from various sources may lead to volatility in the stock price in the short term. Investors should carefully monitor these developments and consider the potential impact on their investment decisions.
ADI-Analog Devices, Inc. Analyst Ratings
Analyst Ratings for Analog Devices, Inc. Stock:
📈 Morgan Stanley restated their overweight rating on shares of Analog Devices (NASDAQ:ADI) with a $212.00 price target.
📉 Evercore ISI started coverage on Analog Devices (NASDAQ:ADI) with an outperform rating and a $254.00 price target.
📈 Raymond James Financial Services Advisors Inc. raised its stake in Analog Devices (NASDAQ:ADI) during the fourth quarter.
Sources:
1. ETF Daily News – Morgan Stanley
2. ETF Daily News – Evercore ISI
3. ETF Daily News – Raymond James Financial Services Advisors Inc.
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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