3 Reasons Analog Devices Is Built for Growth
Analog Devices' (NASDAQ: ADI) latest results have given the stock a much-needed shot in the arm as it has been underperforming the broader market so far this year. Investors in the chipmaker celebrated its better-than-expected third-quarter results and the accompanying guidance, which turned out to be way better than what Wall Street had anticipated.
So, is this the turnaround Analog Devices needed? To find out, we need to take a closer look at the some of the key trends highlighted by the company's management in the recent earnings call, as they could be crucial to its long-term growth.
Image source: Getty Images.
Source: Fool.com
Apple Inc. Stock
€175.18
0.470%
Our community is currently high on Apple Inc. with 79 Buy predictions and 6 Sell predictions.
As a result the target price of 200 € shows a slightly positive potential of 14.17% compared to the current price of 175.18 € for Apple Inc..
