Truist Raises Analog Devices (ADI) PT to $249 After Strong Q3 Results

Analog Devices Inc. (NASDAQ:ADI) is one of the best QQQ stocks to buy right now. On August 21, Truist raised the firm’s price target on Analog Devices to $249 from $219, while keeping a Hold rating on the shares. Before this sentiment was reported, the company also announced its Q3 2025 earnings report on August 20.

Revenue for the quarter was $2.88 billion, which marked a 25% year-over-year increase. This was driven by a robust demand across all its end markets, with every segment achieving double-digit growth year-over-year. The industrial segment, which makes up 45% of total revenue, grew 23%. The automotive segment, which represents 30% of revenue, grew 22%, while the communications and consumer segments, each at 13% of revenue, grew by 40% and 21%, respectively.

The company’s profitability also saw significant improvement, with the GAAP gross margin being 62.1%, up from 56.7% in the previous year, with a non-GAAP gross margin of 69.2%. The non-GAAP operating margin was 42.2%, a 1% increase year-over-year. The GAAP diluted EPS was $1.04, and the non-GAAP diluted EPS was $2.05, a 30% increase.

Analog Devices Inc. (NASDAQ:ADI) designs, manufactures, tests, and markets ICs, software, and subsystems products in the US, North & South America, Europe, Japan, China, and Asia.

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Disclosure: None. This article is originally published at Insider Monkey.