On January 15, 2026, Wells Fargo analyst Joe Quatrochi upgraded Analog Devices, Inc. (ADI) to an “Overweight” rating while adjusting the firm’s price target for the stock to $340, up from a previous consensus of $301.25. This shift in sentiment marks a significant endorsement of ADI’s growth potential and suggests there may be considerable upside for investors at the current trading price of $297.99.
Market/Price Action
Analog Devices has exhibited notable price movement in recent sessions, currently trading at $297.99. The stock’s volatility has been relatively moderate, with a weekly change of 2.23%, reflecting a gain of approximately $6.645. Over the past year, ADI has traded within a 52-week range of $87.83 to its recent peak, now just $1.72 shy of its high. This upward momentum is underpinned by an active trading volume—975,303 shares exchanged hands against an average of 3,672,603. With a market capitalization of approximately $150 billion and a beta of 1.032, the stock exhibits slightly higher than average market volatility, making it suitable for growth-oriented investors.
Short- and Long-Term Performance
Evaluating the longer-term performance metrics, Analog Devices has demonstrated considerable resilience. Over the past 30 days, the stock has appreciated by approximately 5.15%, while quarterly returns have surged by 26.98%. On a one-year basis, ADI has delivered a robust total return of 35.18%, outperforming many of its peers in the technology sector. In terms of volatility, the stock is experiencing a weekly volatility rate of 2.48% and monthly volatility at 2.02%, which suggests that while the stock is active, it remains relatively stable compared to the broader market.
Earnings/Financials
In its most recent earnings report, Analog Devices announced earnings per share (EPS) of $2.26, exceeding analyst estimates of $2.24. This 0.89% positive surprise reinforces investor confidence in ADI’s financial management and operational efficiency, particularly when juxtaposed with the previous quarter’s results, where the company reported an EPS of $2.05 against expectations of $1.95—representing a substantial surprise factor of approximately 5.13%. The consistent ability to beat earnings estimates may position ADI as a dependable performer in the devices sector, attracting both growth and value-oriented investors.
Analyst / Consensus View
The broader consensus surrounding Analog Devices continues to lean favorably, with a total of 12 ratings recently tabulated: 9 buys, 3 holds, and no sell ratings. The average price target set by analysts stands at $301.25, with a high estimate of $375 and a low of $258, indicating that analysts hold a generally optimistic outlook for the stock’s future performance. The recent upgrade to an “Overweight” rating by Wells Fargo further solidifies this bullish sentiment and suggests that analysts expect ADI to outperform its sector peers in the coming months.
Stock Grading or Fundamental View
The Stocks Telegraph grading score for Analog Devices stands at 52, indicating a solid investment profile grounded in fundamental analysis. The score reflects strong operational metrics and market sentiment, which collectively support the case for ADI as a compelling investment option.
Conclusion
In light of the recent rating upgrade from Wells Fargo and the robust performance metrics over both the short and long term, Analog Devices, Inc. emerges as a promising opportunity primarily for long-term growth investors. The stock boasts strong fundamentals, an increasing average price target, and a positive consensus view among analysts. Nevertheless, as with any investment, potential investors should remain mindful of market volatility and broader economic conditions that could impact technology stocks. Overall, ADI represents a noteworthy option in the tech sector for those inclined toward growth with a measure of risk tolerance.