--- title: "Analog Devices Wins Higher $440 Target on Strong Beat, Upgraded Outlook, and Empower Semiconductor AI Deal" type: "News" locale: "en" url: "https://longbridge.com/en/news/287114122.md" description: "Needham analyst Quinn Bolton has reiterated a Buy rating on Analog Devices (ADI) stock, raising the price target to $440 following strong earnings and an upgraded outlook. The acquisition of Empower Semiconductor is seen as strategically important for enhancing AI-focused power solutions. Bolton notes robust momentum in the industrial segment and expects margins to improve over time despite short-term compression. Wells Fargo also maintains a Buy rating with a $470 target." datetime: "2026-05-20T19:55:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287114122.md) - [en](https://longbridge.com/en/news/287114122.md) - [zh-HK](https://longbridge.com/zh-HK/news/287114122.md) --- # Analog Devices Wins Higher $440 Target on Strong Beat, Upgraded Outlook, and Empower Semiconductor AI Deal Needham analyst Quinn Bolton has reiterated their bullish stance on ADI stock, giving a Buy rating today. ### Meet Samuel – Your Personal Investing Prophet - Start a conversation with TipRanks’ trusted, data-backed investment intelligence - Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds Quinn Bolton has given his Buy rating due to a combination of factors, starting with Analog Devices delivering results that exceeded expectations and raising its outlook for both revenue and earnings. He also views the announced acquisition of Empower Semiconductor as strategically important, as it broadens ADI’s AI-focused power solutions and is expected to enhance the company’s positioning as that deal closes in the second half of calendar 2026. Bolton highlights that the industrial segment is showing robust momentum, with aerospace, defense, and test equipment leading gains and other industrial areas growing strongly year over year. While he notes a modest near-term gross margin compression, he expects rising volumes and a richer product mix to support margins over time, and he underscores management’s confidence in continued automotive growth after a record quarter, supporting his higher $440 price target and Buy recommendation. Bolton covers the Technology sector, focusing on stocks such as Nvidia, Valens, and IonQ. According to TipRanks, Bolton has an average return of 55.2% and a 69.54% success rate on recommended stocks. In another report released today, Wells Fargo also maintained a Buy rating on the stock with a $470.00 price target. ### Related Stocks - [ADI.US](https://longbridge.com/en/quote/ADI.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [VLN.US](https://longbridge.com/en/quote/VLN.US.md) - [IONQ.US](https://longbridge.com/en/quote/IONQ.US.md) - [WFC.US](https://longbridge.com/en/quote/WFC.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [VLN+.US](https://longbridge.com/en/quote/VLN+.US.md) - [IONQ+.US](https://longbridge.com/en/quote/IONQ+.US.md) - [WFC-D.US](https://longbridge.com/en/quote/WFC-D.US.md) - [WFC-L.US](https://longbridge.com/en/quote/WFC-L.US.md) - [WFC-Y.US](https://longbridge.com/en/quote/WFC-Y.US.md) - [WFC-C.US](https://longbridge.com/en/quote/WFC-C.US.md) - [WFC-Z.US](https://longbridge.com/en/quote/WFC-Z.US.md) - [WFC-A.US](https://longbridge.com/en/quote/WFC-A.US.md) ## Related News & Research - [Analog Devices Provides Much-Needed Pullback: How Low Can It Go?](https://longbridge.com/en/news/287090503.md) - [Analog Devices (NASDAQ:ADI) Updates Q3 2026 Earnings Guidance](https://longbridge.com/en/news/287055501.md) - [Analog Devices Sees Strong Growth In Q3; Declares Dividend 11% - Update](https://longbridge.com/en/news/287055082.md) - [Analog Devices Reports Record Fiscal Second Quarter 2026 Financial Results | ADI Stock News](https://longbridge.com/en/news/287056268.md) - [Analog Devices to buy Empower Semiconductor for $1.5 billion to boost AI power portfolio](https://longbridge.com/en/news/286976327.md)