Stock Rating Downgrade
In recent days the Value Trend Rating for Analog Devices Inc (NASDAQ: ADI) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Analog Devices Inc (NASDAQ: ADI) stock closed at $218.05 on 11/29/24 after a modest gain of 0.4%. However, below average trading volume at 71% of normal accompanied the advance. The stock has risen 3.3% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Analog Devices has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Analog Devices has a neutral Appreciation Score of 54 and a slightly positive Power Rating of 60, producing the Neutral Value Trend Rating.
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