Wells Fargo Upgrades Broadcom, Analog Devices, Monolithic Power with New Price Targets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Source: seekingalpha
- Broadcom Upgrade: Wells Fargo upgraded Broadcom from Equal-weight to Overweight, raising the price target from $410 to $430, anticipating significant catalysts through 2026, which led to a 2.6% increase in share price.
- Google Partnership Potential: The collaboration between Broadcom and Google on tensor processing units is seen as a potential growth catalyst, especially with Google's $21 billion order to Anthropic for TPUs and rack-scale systems, which may lead to further partnerships with Meta, xAI, and Apple.
- Analog Devices Growth: Wells Fargo raised Analog Devices' price target from $265 to $340, expecting a 40% year-over-year growth in its automated test equipment segment in 2025, indicating positive signs of market recovery.
- Monolithic Power Outlook: The price target for Monolithic Power was increased from $1,100 to $1,125, with expectations of a 39% year-over-year revenue growth in its Enterprise data segment in 2026, focusing on improving demand visibility as a growth driver.
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Analyst Views on ADI
Wall Street analysts forecast ADI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ADI is 290.38 USD with a low forecast of 240.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
23 Analyst Rating
19 Buy
4 Hold
0 Sell
Strong Buy
Current: 317.625
Low
240.00
Averages
290.38
High
350.00
Current: 317.625
Low
240.00
Averages
290.38
High
350.00
About ADI
Analog Devices, Inc. is a global semiconductor company. The Company designs, manufactures, tests, and markets a portfolio of solutions, including integrated circuits (ICs), software and subsystems that leverage high-performance analog, mixed-signal and digital signal processing technologies. Its comprehensive product portfolio, domain specialization and manufacturing capabilities extend across high-performance precision and high-speed mixed-signal, power management and processing technologies, including data converters, amplifiers, power management, radio frequency (RF) ICs, edge processors and other sensors. The Company's IC product portfolio includes both general-purpose products used by a range of customers and applications, as well as application-specific products designed for specific target markets. Its analog ICs monitor, condition, amplify or transform continuous analog signals associated with physical properties, such as temperature, pressure, weight, light, sound or motion.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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