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      adiaindaq

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      Arete Upgrades Analog Devices to Buy with Target Price of $389

      Arete has upgraded Analog Devices Inc. (NASDAQ:ADI) from a Neutral rating to a Buy rating as of March 30. This change reflects the firm's positive outlook on the company's performance in the semiconductor sector, particularly in the context of artificial intelligence technology.

      The upgrade comes with a target price set at $389, indicating a potential upside of over 22% based on current market levels. Analog Devices is recognized as one of the top ten AI chip stocks favored by hedge funds, highlighting its significance in the growing AI market.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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