KeyBanc's downgrade of Cirrus Logic has implications for Analog Devices.
KeyBanc downgraded Cirrus Logic based on insights from a recent trip to Asia, noting strengths in the memory and analog sectors. This development could influence investor sentiment toward Analog Devices Inc (ADI), which operates in a similar market.
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Analog Devices Inc
ADI.US
ADI.US
Analog Devices Inc
WealthAwesomeMarket cap
$200.95B
P/E
49.3x
Div. yield
1.06%
Div. / share
$4.29
52W high
$444.56
52W low
$220.71
1W change
-1.59%
Beta
1.23
Analyst Price Targets
Based on 34 analysts covering ADI · as of Oct 5, 2026
Wall Street analysts forecast ADI stock price to rise 16.6% over the next 12 months.
Consensus
Strong Buy4.59 / 5.00
Avg. Target
C$470.72
+16.6% Upside
Current Price
C$403.57
Last close
Analyst Breakdown (34 analysts)
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ADI's historical volatility
30-Day Vol
30.6%
Annualized
90-Day Vol
38.4%
Annualized
Trend (90d)
+23.5%
Annualized drift
90d Mean
C$438.84
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$415.00 | C$373.43 – C$461.19 |
| 60 trading days | C$426.75 | C$367.58 – C$495.45 |
| 90 trading days | C$438.84 | C$365.52 – C$526.86 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should monitor the ongoing developments in the analog and memory markets as they could affect Analog Devices moving forward.
Analog Devices Closes at US$399.90
The stock's last close of US$399.90 reflects a 2.68% decline, with a significant trading volume of 1,939,012 shares, indicating heightened investor activity.
Bull case
Strong demand for analog components continues to drive growth for Analog Devices. The company benefits from solid profit margins and a strong market presence, positioning it well for future opportunities.
Bear case
The downgrade of a competitor like Cirrus Logic may indicate potential challenges in the analog market, which could shake investor confidence in Analog Devices.
KeyBanc's Downgrade of Cirrus Logic
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KeyBanc downgraded Cirrus Logic, citing insights from a trip to Asia that highlighted strengths in the memory and analog markets. This downgrade may lead to increased scrutiny of Analog Devices Inc (ADI), particularly as the company competes in the same sector. At the last close, Analog Devices was priced at US$399.90, reflecting a 2.68% decline for the day, while the stock has appreciated 11.79% over the past month and 48.75% year-to-date.
Stock Performance and Volume Insights
Analog Devices experienced a trading volume of 1,939,012 shares, which is 1.66 times the 20-day average volume of 3,017,079 shares, indicating heightened investor interest. The stock's performance over the last week showed a decline of 1.59%, while it remains above both the 50-day moving average of US$380.90 and the 200-day moving average of US$363.62. The stock has fluctuated between US$220.71 and US$444.56 over the past year, with its current price sitting at approximately 80% of this range.
Market Sentiment and Future Outlook
Following the downgrade of Cirrus Logic, market sentiment towards Analog Devices may shift. The average analyst target for Analog Devices stands at US$470.72, suggesting a potential upside of 17.7% from its current trading price. With a price-to-earnings (P/E) ratio of 49.25, the stock is considered relatively high-valued, reflecting strong growth expectations. Investors will be watching closely for how these developments in the analog sector could impact Analog Devices' performance in the near future.
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