Analog Devices: FY 2024 Might Be The Trough Of This Downcycle
ADIAnalog Devices(ADI) Seeking Alpha·2023-12-27 09:01

Fahroni Investment action I recommended a buy rating for Analog Devices, Inc. (NASDAQ:ADI) when I wrote about it the last time, as I believed ADI was the leader in the energy storage and automotive electrification sectors. The ongoing progress made back then in innovation and positioning itself to be aligned with environmentally friendly transportation should drive growth and margin expansion. Based on my current outlook and analysis of ADI, I recommend a buy rating. I believe FY24 might be the trough for t ...