Based on the provided data and technical analysis, here is the prediction for ADI's stock price next week:
Technical Analysis
News Sentiment Analysis
CFRA analyst recently upgraded ADI from 'Buy' to 'Strong Buy' with $250 price target, citing:
Morgan Stanley revised semiconductor industry growth forecast down from 8.1% to 4.8% for 2025, though ADI remains favored as a value play for potential cycle rebound
Price Prediction for Next Week Based on technical indicators and news sentiment:
Trading Recommendation SELL with the following rationale:
The stock is expected to continue its downward trend in the short term despite positive analyst upgrades, primarily due to broader semiconductor industry headwinds and technical weakness. Traders should monitor the $204 support level for potential trend reversal signals.
The price of ADI is predicted to go up 16.55%, based on the high correlation periods with SWK. The similarity of these two price pattern on the periods is 91.94%.
ADI
SWK
Analog Devices has tens of thousands of customers and is not reliant on the fortunes of any single chip buyer.
ADI has made shrewd acquisitions in recent years, as Linear Tech and Maxim Integrated have boosted the firm's power management chip business.
ADI is well positioned to profit from the long-term secular trend of increased electronics content in automobiles, such as in-dash infotainment displays and safety sensors.
Truist Securities
2025-01-10
Price Target
$216 → $230
Upside
+7.83%
Truist Securities
2024-11-27
Price Target
$233 → $227
Upside
+4.48%
Piper Sandler
2024-11-27
Price Target
$235 → $220
Upside
+1.26%