Analog Devices jumps as Wells Fargo boosts price target to $470
Analog Devices shares rose after a same-day analyst catalyst: Wells Fargo raised its price target to $470 from $410 while maintaining its rating. Another fresh analyst action also surfaced, with Oppenheimer lifting its target to $450 from $400 on May 12, keeping an Outperform rating.
1. What changed today
A concrete, same-day catalyst appeared in premarket analyst commentary: Wells Fargo raised its Analog Devices price target to $470 from $410 while maintaining its rating, providing a fresh incremental reason for buyers to step in on May 13, 2026. This qualifies as a “today” item and is the most direct, date-stamped driver found in the news scan.
2. Additional same-week analyst momentum
Separate analyst chatter also points to continuing target raises around ADI, including a report noting Oppenheimer raised its price target to $450 from $400 on May 12, 2026 while keeping an Outperform rating. While this is not dated May 13 itself, it can reinforce the tone into today’s session alongside the new Wells Fargo update.
3. What was not found (as a same-day driver)
The search did not surface a clearly dated May 13 company press release, merger announcement, regulatory action, or lawsuit development that would cleanly explain a +3.61% move on its own. The main identifiable same-day catalyst is the May 13 analyst price-target raise.