Key Highlights

● Analog Devices closed at $395.44 on October 16, trading below the analyst target.

● The consensus 12-month price target is $471.34, implying about 19.2% upside.

● Analysts are split 30 Buy, 4 Hold, and 0 Sell on the stock.

● Targets range from $365 to $675 across 34 analysts.

Analog Devices (NASDAQ:ADI) closed at $395.44 on Friday October 16, 2026, the latest close at the time of writing. The consensus analyst price target is $471.34, which implies implied upside of about 19.2% from that price. It is a constituent of the S&P 500. The shares are listed on the Nasdaq and the consensus rating is Strong Buy. Investors are watching the stock because of recent analyst target changes and an upcoming results date, both discussed below.

What Is the Latest Analyst Price Target?

Across 34 analysts, the mean target is $471.34 and the median is $463.50. The highest target is $675 and the lowest is $365. The consensus data was last updated around October 16, 2026, so it may not reflect later developments, and the share price is the 16 October close. The consensus target suggests the stock trades below the average analyst valuation. The $365 to $675 range is wide; the $675 Baird target is an outlier that lifts the mean above the $463.50 median. Price targets are forecasts, not guarantees, and analysts typically set them with a 12-month horizon.

What Are Analysts Saying?

The rating split is 30 Buy (24 Strong Buy, 6 Buy), 4 Hold, 0 Sell. Recent actions include the following. KeyBanc (John Vinh) maintained Buy with a $525 target on October 15, 2026, Bernstein maintained Buy with $465 on 22 September, and Baird raised its target from $450 to $675 on 24 August. BMO Capital initiated coverage with a Buy and a $430 target on 20 August. Sources differ in how they classify ratings, so the split above follows the data provider's own groupings and the figures should be treated as indicative.

Recent corporate news includes an agreement to acquire Alif Semiconductor for $1.35bn, as reported by the Wall Street Journal, and a collaboration involving AI-based wine-quality detection.

What Could Help the Stock Reach the Price Target?

If the consensus proves accurate, the main supports would be a broadening recovery in industrial and automotive end-markets, successful integration of the Alif acquisition, and robotics and edge-AI demand. For the shares to move towards the average target, the company would generally need to deliver results and guidance that meet or exceed what analysts currently expect, and market conditions for the sector would need to remain supportive. None of this is assured.

What Could Prevent the Stock Reaching the Target?

The main risks include the cyclical nature of analog semiconductors, integration risk from acquisitions, and the high end of the range ($675) skewing the mean above the median. Analyst targets are frequently revised after earnings, and a change in sector sentiment, interest-rate expectations or broader market conditions could shift valuations quickly. A target is an opinion at a point in time and the actual share price may be materially different.

What Should Investors Watch Next?

The key near-term event is fiscal fourth-quarter results, currently estimated for around November 24, 2026 (an estimate, not a confirmed date). Investors may also watch for further target revisions following that report, any change in the Buy, Hold and Sell mix, and management commentary on demand and margins.

Watching for Confirmation

At $395.44, Analog Devices trades below its $471.34 consensus target, a gap of 19.2%, with a Strong Buy consensus from 34 analysts.