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Bank of America Corp. disclosed Analog Devices, Inc. (NASDAQ:ADI), boosting its price target to $85.00 earlier today

Yesterday Analog Devices, Inc. (NASDAQ:ADI) traded 0.83% higher at $72.89. The company’s 50-day moving average is $65.04 and its 200-day moving average is $61.44. The last stock close price is up 20.77% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 1,998,287 shares of the stock were exchanged, down from an average trading volume of 2,611,920

Stating a potential upside of 0.17%, Bank of America Corp. raised the target price of Analog Devices, Inc. (NASDAQ:ADI) to $85.00

Previously on Wednesday March 02, 2016, Drexel Hamilton reported about Analog Devices, Inc. (NASDAQ:ADI) raised the target price from $0.00 to $62.00. At the time, this indicated a possible upside of 0.12%.

See Chart Below

Analog Devices, Inc. (NASDAQ:ADI)

Analog Devices, Inc. has a 52 week low of $47.24 and a 52 week high of $74.87 with a P/E ratio of 35.05 The company’s market cap is currently $0.

In addition to Bank of America Corp. reporting its target price, a total of 26 firms have reported on the stock. The consensus target price is $60.10 with 7 firms rating the stock a strong buy, 10 firms rating the stock a buy, 12 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Analog Devices, Inc. (NASDAQ:ADI)

Analog Devices, Inc. is engaged in designing, manufacturing and marketing analog, mixed-signal and digital signal processing (DSP) technology, including integrated circuits (ICs), algorithms, software and subsystems. The Company's operating segments include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia. The Company's signal processing products help in converting, conditioning and processing real-world phenomena, such as temperature, pressure, sound, light, speed and motion into electrical signals. It offers data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro-electro mechanical systems (MEMS) technology and other sensors, and processing products. Its products are embedded inside various types of electronic equipment, including industrial process control systems, medical imaging equipment, optical systems, automobiles and portable electronic devices.

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