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ADI

Analog DevicesB
Nasdaq / Semiconductors & Semiconductor Equipment
Last Price
Quote time unavailable
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Current thesis
The Q3 beat, record Q4 outlook, broad-based demand, and Data Center/Industrial momentum support a positive earnings-reset thesis. Secondary coverage reported Bernstein upgrading ADI to Outperform and raising its target from $430 to $465 after the print.
Posture
Constructive
Lead driver
Sentiment
What changed
3 setup hits (3d) with net bullish as of 2026-09-09.
What can break
AI data-center spending, optical demand, and power-content assumptions could be reduced by customer capex normalization.
Momentum
61
Value
58
Sentiment
73
Setup hits (3d)
3 · Net Bullish
AI TargetsBase $450.00 · Bull $520.00 · Bear $315.00Analysis 2026-08-24; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-08 • Model: HYBRID_IC_RP
AI Memo
As of 2026-08-24 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-09-08

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-08. Definitions

Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Bullish
Target $477.61
Why
Momentum61 · Δ7d +3.6
Value58 · Δ7d 0.0
Sentiment73 · Δ7d +4.4
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • 3 setup hits (3d) with net bullish as of 2026-09-09.
  • • Sentiment remains the lead driver in the composite, 7D delta +4.4.

Contradictions & invalidation

  • • AI data-center spending, optical demand, and power-content assumptions could be reduced by customer capex normalization.
  • • High valuation leaves limited room for another guidance miss or slower fiscal 2027 growth.
  • • The thesis is increasingly dependent on sustained AI infrastructure spending, continued industrial recovery, favorable mix, and execution against capacity expansion.

Catalyst clock

2026-08-19

Q3 beat and record Q4 outlook

Lead driver: Sentiment · See AI snapshot
Momentum
61
9% active weight
Current posture
7d trendSoftening
Δ7d
+3.6
Δ21d
+35.5
Value
58
28% active weight
Current posture
7d trendFlat
Δ7d
0.0
Δ21d
+1.2
Sentiment
73
62% active weight
Current posture
7d trendImproving
Δ7d
+4.4
Δ21d
+23.7
Why this grade

Composite grade B. Momentum 60.8 / Value 57.9 / Sentiment 73.4

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-08-24. Scenario method

B+
Bull case
30%
Probability
Target price
$520.00
Analysis reference price unavailable
Analysis 2026-08-24 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$450.00
Analysis reference price unavailable
Analysis 2026-08-24 · RankAlpha Sentiment Codex
B-
Bear case
20%
Probability
Target price
$315.00
Analysis reference price unavailable
Analysis 2026-08-24 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$190.1B
Beta
1.03
Shares Out
487.09M
P/E (TTM)
56.9
P/S (TTM)
12.32
P/FCF (TTM)
57.67
Rev YoY
+39.6%
EPS YoY
+162.6%
Gross Margin
+60.4%
Op Margin
+35.7%
Net Debt
$4.94B
Current Ratio
1.25
As of 2026-09-08 • Updated nightlySource: Internal modelMethods & Data