80/100BAnalog Devices stock forecast 2026–2030
Analysts' average 12-month price target for Analog Devices is 480.24, 32.2% above the current price of 363.20. Their targets range from 405.00 to 675.00.
Of the 27 firms that rated Analog Devices in the past 12 months, 24 rate it buy or strong buy, 3 hold and 0 sell or strong sell (each firm at its latest rating): a Strong buy consensus.
Analysts' 1-year price targets range from 405.00 to 675.00, with an average of 480.24.
| Strong buy | 0 | |
| Buy | 24 | |
| Hold | 3 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 675.00 |
| Average target | 480.24 |
| Lowest target | 405.00 |
| Current price | 363.20 |
Analog Devices price target history
Have analysts recently raised or lowered their Analog Devices price target and rating?
How analysts rate Analog Devices, month by month
24 of 27 firms rate it buy now, against 12 of 18 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Analog Devices analyst upgrades, downgrades and price targets
The latest rating change came on 20 August 2026, when Seaport Global upgraded Analog Devices from Neutral to Buy. Its price target is 425.00. The most recent new target came from Piper Sandler on 8 September 2026: 460.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 8 Sept 2026 | Piper Sandler | — | 360.00 → 460.00 | +27.8% | 365.79 |
| 24 Aug 2026 | Robert W. Baird Tristan Gerra | — | 450.00 → 675.00 | +50.0% | 373.09 |
| 20 Aug 2026 | BMO Capital Harsh Kumar | — | 430.00 | — | 370.24 |
| 20 Aug 2026 | Seaport Global Jay Goldberg | Upgraded · Neutral → Buy | 425.00 | — | 373.26 |
| 20 Aug 2026 | Needham Quinn Bolton | Reiterated · Buy | 400.00 → 450.00 | +12.5% | 373.26 |
| 20 Aug 2026 | Morgan Stanley | Reiterated · Overweight | 373.00 → 458.00 | +22.8% | 373.26 |
| 20 Aug 2026 | Wells Fargo | Reiterated · Overweight | 515.00 → 500.00 | -2.9% | 373.26 |
| 20 Aug 2026 | Bernstein | Upgraded · Market Perform → Outperform | — | — | — |
| 19 Aug 2026 | Goldman Sachs | — | 450.00 → 480.00 | +6.7% | 373.26 |
| 19 Aug 2026 | Bernstein Stacy Rasgon | — | 430.00 → 465.00 | +8.1% | 373.26 |
| 14 Jul 2026 | KeyBanc | Reiterated · Overweight | 500.00 → 525.00 | +5.0% | 386.01 |
| 29 Jun 2026 | Cantor Fitzgerald Matthew Prisco | Reiterated · Overweight | 510.00 → 550.00 | +7.8% | 386.91 |
| 29 Jun 2026 | Fundamental Research | — | 550.00 | — | 386.91 |
| 24 Jun 2026 | Stifel Nicolaus | Reiterated · Buy | 450.00 → 498.00 | +10.7% | 407.26 |
| 26 May 2026 | Argus Research Jim Kelleher | Reiterated · Buy | 460.00 | — | 422.30 |
| 21 May 2026 | Bernstein Stacy Rasgon | Reiterated · Market Perform | 270.00 → 430.00 | +59.3% | 384.17 |
| 21 May 2026 | Raymond James | Reiterated · Outperform | 430.00 | — | 388.30 |
| 21 May 2026 | Evercore ISI | Reiterated · Outperform | 387.00 → 474.00 | +22.5% | 388.18 |
| 21 May 2026 | Robert W. Baird | — | 365.00 → 450.00 | +23.3% | 398.05 |
| 21 May 2026 | KeyBanc John Vinh | Reiterated · Overweight | 430.00 → 500.00 | +16.3% | 398.05 |
| 21 May 2026 | Wolfe Research Chris Caso | — | 460.00 → 475.00 | +3.3% | 398.05 |
| 21 May 2026 | Wolfe Research | — | 460.00 | — | 398.05 |
| 21 May 2026 | Wells Fargo Joe Quatrochi | Reiterated · Overweight | 470.00 → 515.00 | +9.6% | 398.05 |
| 21 May 2026 | Barclays Tom O'Malley | Reiterated · Overweight | 430.00 → 450.00 | +4.7% | 398.05 |
| 20 May 2026 | Jefferies Blayne Curtis | — | 410.00 → 475.00 | +15.9% | 398.05 |
| 20 May 2026 | Goldman Sachs | — | 370.00 → 450.00 | +21.6% | 398.05 |
| 20 May 2026 | Truist Financial | — | 364.00 → 405.00 | +11.3% | 398.05 |
| 18 May 2026 | Stifel Nicolaus | Reiterated · Buy | 405.00 → 450.00 | +11.1% | 417.49 |
| 13 May 2026 | Cantor Fitzgerald | Reiterated · Overweight | 400.00 → 510.00 | +27.5% | 431.67 |
| 13 May 2026 | Wells Fargo | Reiterated · Overweight | 340.00 → 470.00 | +38.2% | 419.65 |
| 12 May 2026 | Oppenheimer | Reiterated · Outperform | 400.00 → 450.00 | +12.5% | 422.73 |
| 19 Feb 2026 | Robert W. Baird | — | 275.00 → 365.00 | +32.7% | 345.60 |
| 19 Feb 2026 | UBS | Reiterated · Buy | 400.00 → 430.00 | +7.5% | 340.32 |
| 19 Feb 2026 | Truist Financial William Stein | Reiterated · Hold | 291.00 → 364.00 | +25.1% | 340.45 |
| 19 Feb 2026 | Evercore ISI | Reiterated · Outperform | 282.00 → 387.00 | +37.2% | 343.46 |
| 19 Feb 2026 | Morgan Stanley Joseph Moore | — | 314.00 → 373.00 | +18.8% | 346.37 |
| 19 Feb 2026 | Susquehanna | Reiterated · Positive | 360.00 → 400.00 | +11.1% | 346.37 |
| 19 Feb 2026 | Needham Quinn Bolton | Upgraded · Hold → Buy | 400.00 | — | 346.37 |
| 19 Feb 2026 | KeyBanc John Vinh | Reiterated · Overweight | 375.00 → 430.00 | +14.7% | 346.37 |
| 19 Feb 2026 | Piper Sandler Harsh Kumar | Reiterated · Neutral | 290.00 → 360.00 | +24.1% | 346.37 |
| 19 Feb 2026 | Barclays Tom O'Malley | Reiterated · Overweight | 375.00 → 430.00 | +14.7% | 346.37 |
| 19 Feb 2026 | Jefferies | — | 410.00 | — | 346.37 |
| 19 Feb 2026 | Oppenheimer | Reiterated · Outperform | 350.00 → 400.00 | +14.3% | 346.37 |
| 18 Feb 2026 | Goldman Sachs | — | 300.00 → 370.00 | +23.3% | 346.37 |
| 18 Feb 2026 | Stifel Nicolaus Tore Svanberg | — | 360.00 → 405.00 | +12.5% | 346.37 |
| 17 Feb 2026 | Stifel Nicolaus | Reiterated · Buy | 330.00 → 360.00 | +9.1% | 332.27 |
| 17 Feb 2026 | Cantor Fitzgerald | Reiterated · Overweight | 350.00 → 400.00 | +14.3% | 337.10 |
| 13 Feb 2026 | Barclays | Upgraded · Equal Weight → Overweight | — | — | — |
| 12 Feb 2026 | Barclays Tom O'Malley | — | 315.00 → 375.00 | +19.0% | 337.00 |
| 9 Feb 2026 | UBS | — | 350.00 → 400.00 | +14.3% | 321.36 |
Analog Devices EPS and revenue estimates
Analysts expect Analog Devices's EPS to grow 63.5% a year until 2028. Over the last 5 years it grew 6.8% a year, and over the last 3 years it fell 4.6%.
Analysts expect Analog Devices's revenue to grow 23.6% a year until 2028. Over the last 5 years it grew 14.5% a year, and over the last 3 years it fell 2.8%.
Revenue
EPS
Does Analog Devices beat earnings estimates?
On average, analysts' EPS estimate was 4.7% off the result, either way, and their revenue estimate 2.4%, over the last 12 quarters.
- EPS beats
- 95 / 134
- Revenue beats
- 89 / 115
- Average EPS surprise, last 12
- +4.7%
- Since
- February 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 19 Aug 2026 | 3.34 | 3.45 | +3.3% | 3.92B | 4.02B | +2.6% |
| Q2 FY2026 | 20 May 2026 | 2.89 | 3.09 | +6.9% | 3.51B | 3.62B | +3.1% |
| Q1 FY2026 | 18 Feb 2026 | 2.31 | 2.46 | +6.5% | 3.12B | 3.16B | +1.4% |
| Q4 FY2025 | 25 Nov 2025 | 2.24 | 2.26 | +0.9% | 3.00B | 3.08B | +2.4% |
| Q3 FY2025 | 20 Aug 2025 | 1.95 | 2.05 | +5.1% | 2.77B | 2.88B | +4.0% |
| Q2 FY2025 | 22 May 2025 | 1.70 | 1.85 | +8.8% | 2.51B | 2.64B | +5.0% |
| Q1 FY2025 | 19 Feb 2025 | 1.54 | 1.63 | +5.8% | 2.36B | 2.42B | +2.7% |
| Q4 FY2024 | 26 Nov 2024 | 1.64 | 1.67 | +1.8% | 2.41B | 2.44B | +1.6% |
| Q3 FY2024 | 21 Aug 2024 | 1.51 | 1.58 | +4.6% | 2.27B | 2.31B | +1.6% |
| Q2 FY2024 | 22 May 2024 | 1.26 | 1.40 | +11.1% | 2.11B | 2.16B | +2.6% |
| Q1 FY2024 | 21 Feb 2024 | 1.71 | 1.73 | +1.2% | 2.50B | 2.51B | +0.6% |
| Q4 FY2023 | 21 Nov 2023 | 2.00 | 2.01 | +0.5% | 2.70B | 2.72B | +0.5% |
Analog Devices stock price 2026–2030: scenarios
If Analog Devices's earnings keep growing at the 36.8% a year analysts expect to FY2028, it would earn about 37.27 a share in FY2030. At the P/E it has traded at over the last five years (24.3 to 68.3) that is 906.71 to 2,546.49 a share, or 1,644.47 at its average P/E of 44.1. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 12.88 | 313.38 | 568.37 | 880.13 |
| FY2027 | 16.82 | 409.12 | 742.01 | 1,149.02 |
| FY2028 | 19.93 | 484.78 | 879.23 | 1,361.50 |
| FY2029 (extrapolated) | 27.25 | 662.99 | 1,202.44 | 1,862.00 |
| FY2030 (extrapolated) | 37.27 | 906.71 | 1,644.47 | 2,546.49 |
Each year's EPS is the analysts' consensus to FY2028; the years after continue its 36.8% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (24.3, 44.1, 68.3).
Is Analog Devices stock undervalued or overvalued?
Analog Devices's P/E of 42.9 is below the middle of its 5-year range (21.0 to 78.6, median 48.5). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Buyers pay less for each point of growth than usual: a PEG of 0.7 on expected growth against 7.1 on its median P/E and past five years' growth. Fair value is not a reliable guide for Analog Devices: its earnings swing (EPS fell 49.9% in FY2024), so its usual P/E would mislead. Its forward P/E, on the consensus for FY2027, is 21.6.
- Price to earnings ratio (TTM)
- 42.88
- Five-year median P/E
- 48.52
- Five-year P/E range
- 21.0 – 78.6
- Forward P/E (FY2027)
- 21.60
- PEG ratio
- 1.17
- To the average target
- +32.2%
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