Benzinga | Dec 15, 2021 12:56PM EST

What 9 Analyst Ratings Have To Say About Analog Devices

Over the past 3 months, 9 analysts have published their opinion on Analog Devices (NASDAQ:ADI) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 3 2 4 0 0Last 30D 0 0 1 0 01M Ago 2 2 3 0 02M Ago 0 0 0 0 03M Ago 1 0 0 0 0

In the last 3 months, 9 analysts have offered 12-month price targets for Analog Devices. The company has an average price target of $202.67 with a high of $220.00 and a low of $185.00.

Below is a summary of how these 9 analysts rated Analog Devices over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This average price target has increased by 7.45% over the past month.

How Are Analyst Ratings Determined?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.