Analog Devices added to Russell 3000E Growth Benchmark, shares in focus after Stifel price target lift

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-29, 13:15.

Analog Devices Inc. (US0326541051) draws renewed attention on the Nasdaq after being added to the Russell 3000E Growth Benchmark and a fresh analyst price target lift. The semiconductor group is a member of the Nasdaq-100 index, which underscores its role among large U.S. technology stocks, and the latest moves come alongside a Buy rating reaffirmation from Stifel.

Stifel lifts target after strong quarter

On June 24, Stifel raised its price target for Analog Devices from 450 dollars to 498 dollars while maintaining a Buy rating on the shares, citing strong recent earnings and guidance for the fiscal third quarter.A Yahoo Finance summary of the Stifel update reports that the broker highlighted Analog Devices as one of the high growth semiconductor names poised for a potential breakout in 2026.

According to the Stifel-linked report, Analog Devices posted revenue of 3.62 billion dollars in its fiscal second quarter of 2026, topping expectations of 3.52 billion dollars, and delivered earnings per share of 3.09 dollars compared with a consensus of 2.91 dollars. The performance was driven by a reported 56 percent year-over-year growth in the Industrial Business segment, which accounts for roughly half of the company’s revenue. Stifel pointed to this industrial strength as a key support for the raised price target, placing Analog Devices alongside peers such as Texas Instruments and NXP Semiconductors in the broader analog chip space.

Russell 3000E Growth inclusion and consensus backdrop

In parallel with the analyst action, Analog Devices has been added to the Russell 3000E Growth Benchmark, reinforcing its status in U.S. growth equity indices. The benchmark inclusion reflects the stock’s performance profile and market capitalization and can affect demand from index and quantitative investors that track Russell’s growth universes. According to MarketScreener data cited in an MT Newswires item on the Russell changes, Analog Devices had a last closing price of 386.91 dollars and a 42.67 percent gain over the past year at the time of that note.

Consensus data compiled around the same update show an average analyst target price for Analog Devices of approximately 452.33 dollars, implying a spread versus the last close that leaves upside according to the aggregated views. The Russell inclusion comes alongside that consensus, which includes Stifel’s raised 498 dollar target in the upper range. From a sector perspective, Analog Devices operates in the same broad semiconductor space as peers such as Advanced Micro Devices and Intel, but focuses more tightly on analog and mixed-signal solutions than those primarily digital logic players.

What the company sells

Analog Devices generates its revenue by designing and manufacturing analog, mixed-signal and digital signal processing integrated circuits used in industrial, automotive, communications and consumer applications. A representative product family is its precision data converters, which bridge real-world signals such as temperature, pressure or sound into digital form for control systems and instrumentation. The company also offers power management and amplifier solutions that support applications from factory automation to advanced driver assistance systems, underpinning its strong industrial segment contribution highlighted by recent results.

Where the stock trades today

Analog Devices shares (US0326541051) trade on the Nasdaq under the ticker ADI. As of 2026-06-26, 15:59 Eastern Time, the stock closed at 387.14 dollars, with extended trading indications at 392.44 dollars reported in early electronic trading on MarketBeat. The shares are part of the Nasdaq-100 index and the Russell 3000E Growth Benchmark, binding them into several widely followed equity baskets.

This article is for informational purposes only and does not constitute investment advice, a recommendation or a solicitation to buy or sell any securities. All data and assessments are based on sources deemed reliable at the time of publication but may change without notice. Investors should conduct their own research or consult a qualified financial advisor before making investment decisions.