Truist Stays Neutral on Analog Devices (ADI) Amid Strong Auto and AI Growth

Analog Devices, Inc. (NASDAQ:ADI) is included among the 14 Best US Stocks to Buy for Long Term.

On November 26, Truist analyst William Stein increased the price target for Analog Devices, Inc. (NASDAQ:ADI) from $249 to $258 and kept a Hold rating on the stock. The analyst noted in the research note that the company has beaten expectations in the third quarter due to its auto business and has also provided a stronger outlook for Q4, with much of its growth driven by AI. Truist also highlighted Analog’s growing market share in the auto industry with premium products.

In fiscal Q4 2025, Analog Devices, Inc. (NASDAQ:ADI)’s management highlighted healthy booking trends, with growth and strength in the Industrial and Communications markets, respectively. The company’s revenue of $3.08 billion showed a significant 26% growth on a YoY basis, mainly driven by the Industrial and Communications segments. In addition, the company’s cash position also remained stable, with operating cash flow of $4.8 billion and free cash flow of $4.3 billion, which represented 44% and 39% of its overall revenue, respectively.

This cash generation enabled the company to return 96% of its free cash flow to shareholders in FY25, including $1.9 billion in dividends.

Analog Devices, Inc. (NASDAQ:ADI) is a global semiconductor company that manufactures analog, mixed-signal, and DSP integrated circuits.

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