Analog Devices Inc
Change company Symbol lookup
Select an option...
ADI Analog Devices Inc
BAC Bank of America Corp
CLOV Clover Health Investments Corp
HRL Hormel Foods Corp
DD Dupont De Nemours Inc
PSRU Valiant Eagle Inc
CRM Salesforce.Com Inc
VLYPP Valley National Bancorp
FEMKX Fidelity® Emerging Markets Fund
XPEV Xpeng Inc

Information Technology : Semiconductors & Semiconductor Equipment | Large Cap Blend
Company profile

Analog Devices, Inc. (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products. The Company is a supplier of data converter products. The Company is a supplier of high-performance amplifiers. Its analog product line also includes products of high performance radio frequency (RF) ICs. The Company's DSPs are used for high-speed numeric calculations. The Company offers its products for applications in various end markets, such as industrial, automotive, consumer and communications. The Company operates in the United States, Rest of North/South America, Europe, Japan and China.


Last Trade
2.09 (1.35%)
B/A Size

Market Hours

Closing Price
Day's Change
-4.30 (-2.71%)
Bid close
Ask close
B/A Size
Day's High
Day's Low
(Below Average)

10-day average volume:

Tesla's new $950 stock price target at Wedbush is the highest on Wall Street, but the analyst still won't say buy

7:25 am ET January 15, 2021 (MarketWatch)

Tomi Kilgore

Analyst Dan Ives also boosted his 'bull case' target to $1,250, but kept the neutral rating he's had on Tesla for nearly 2 years

Tesla Inc. got a another bullish endorsement Friday from Wedbush's prolific analyst Dan Ives, who raised his stock price target by 33%, but he still won't recommend investors buy the stock.

Ives said the "hearts and lungs" of investors' bull thesis on Tesla (TSLA) has been centered on China, as consumer demand has skyrocketed into 2021, not just for Tesla's Model 3s, but for electric vehicles from "impressive" domestic competitors such as Nio Inc. (NIO), Li Auto Inc. (LI) and Xpeng Inc. (XPEV)

He said although competition is increasing, Tesla "remains top of the EV mountain." And given the "robust" demand globally for EVs, Ives now expects Tesla to surpass the 1 million delivery threshold in 2022, and said deliveries could start to approach 5 million a year by the end of the decade.

"While there are 150+ auto makers aggressively going after the EV opportunity globally, right now in the EV market we believe it's Tesla's world and everyone else is paying rent," Ives wrote in a note to clients.

He lifted his "base" price target for Tesla to $950, which is 12.4% above Thursday's closing price, from $715. His target is now the highest of the 37 analysts surveyed by FactSet, and nearly double the average target of $498.66.

Tesla's stock edged up 0.5% in premarket trading. It fell 1.1% on Thursday, to close 4.0% below the Jan. 8 record close of $880.02.

Joe Biden as president and a Democrat-controlled Congress should also provide a tailwind for the EV sector, Ives said. "A Blue Senate is very bullish and a potential 'game changer' for Tesla and the overall EV sector in the U.S., with a more green-driven agenda now certainly in the cards over the next few years," he wrote.

Ives also raised his "bull case" price target by 25%, to $1,250 from $1,000.

However, he reiterated his neutral rating that he's had on the Tesla since April 2019. For Wedbush, a neutral rating means the analysts expects the stock's total return to perform in line with the medial total return of the analyst's coverage universe. Ives is listed has Wedbush's enterprise software analyst, and other companies he covers include Apple Inc. (AAPL), Uber Technologies Inc. (UBER) and Zscaler Inc. (ZS), which he rates outperform.

Tesla's stock has rocketed 714.9% over the past 12 months through Thursday, while shares of Apple have rallied 65.6%, Uber have advanced 62.6% and Zscaler have soared 249.8%. Over the same time, the S&P 500 index has gained 15.4%.

-Tomi Kilgore; 415-439-6400;


(END) Dow Jones Newswires

January 15, 2021 07:25 ET (12:25 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.