Why Analog Devices' Growth Can Hit a Higher Gear
Analog Devices (NASDAQ: ADI) turned in a stellar fourth-quarter report on Nov. 21 that comfortably beat Wall Street's expectations, but investors weren't impressed. Despite reporting growth across all its business segments and issuing upbeat guidance, Analog saw its shares tumble. It seems investors were looking for something more than just a beat-and-raise performance, though it is unclear as to what else Analog needed to do to win investor confidence.
In fact, Analog Devices' impressive string of financial results has been largely overlooked by investors this year, as evidenced by its 17% gains versus the NASDAQ 100 Technology Sector index's 36% jump.
Source: Fool.com
Analog Devices Inc. Stock
€202.75
1.540%
The stock is an absolute favorite of our community with 37 Buy predictions and no Sell predictions.
As a result the target price of 225 € shows a slightly positive potential of 10.97% compared to the current price of 202.75 € for Analog Devices Inc..
