Analog Devices (NASDAQ: ADI) is a major semiconductor company that produces chips for industrial applications and data centers. On August 19, 2026, investment bank Goldman Sachs increased its price target for Analog Devices to $480. At the time, the stock was trading at $373.26, suggesting a potential increase of about 28.6%. This optimism is supported by strong third-quarter results. Analog Devices posted earnings of $3.45 per share, beating the $3.33 estimate, and revenues of $4.02 billion, exceeding expe ...