Evercore ISI Cuts Price Target on Analog Devices to $462 From $474, Maintains Outperform Rating

Evercore ISI analyst Mark Mahaney predicts Meta (META) could generate $22B in annual gross revenue by 2027 from renting excess AI computing capacity, raising his price target to $860. Meta plans to double its computing capacity to 14 gigawatts by 2027, with potential surplus to rent out. Analysts estimate 7% of this capacity could yield $22B in revenue and $4.32 in EPS. GPU rental prices are also being tracked as an indicator.

Analog Devices (ADI) moved €5.4 billion in dividends from its Irish entities to the US in under two years. The company's Irish operations reported $10 billion in revenue and $1.2 billion in operating profits. Analog Devices' effective tax rate increased to 16.4% in the latest fiscal year, with most pretax income generated in Ireland at a 12.5% tax rate.

Analog Devices International UC, the Irish arm of semiconductor manufacturer Analog Devices, reported a 268% increase in pre-tax profits to $1.79 billion for 2025, driven by a 17% revenue rise to $10.02 billion. The company attributed growth to increased demand across all markets and improved gross margins. Dividends paid totaled $4.04 billion, with an additional $200 million declared. The workforce grew by 156 employees, and the company invested in a new facility in Limerick.

Analog Devices (ADI) reported Q2 revenue of $4.02B, beating estimates, with strong growth in data center and industrial markets. CEO Vincent Roche cited grid-to-chip strategy and R&D investments. Q3 guidance exceeds estimates, with revenue at $4.3B midpoint. Key analyst questions focused on margins, growth drivers, and supply chain. ADI trades at $373.95, near pre-earnings levels.

Evercore ISI reiterated an Outperform rating and $365 price target on Apple (AAPL) after the company launched refreshed Mac mini models with M6 and M5 Pro chips. The new models feature improved AI performance, graphics, and storage. Apple's stock has returned 37% over the past year but is considered overvalued relative to its Fair Value, according to InvestingPro data. Walmart will implement Apple Pay by 2026, and Apple is modifying ad tracking rules following a German competition authority inve

Analog Devices (ADI) reported a 40% year-over-year revenue increase in Q3 fiscal 2026, driven by demand in data centers and industrial segments. The company expects similar growth in Q4, with a midpoint revenue guidance of $4.3 billion. ADI benefits from AI growth without high capital expenditures, returning $1.7 billion to shareholders and achieving a 33% net profit margin. The stock trades at a forward P/E of 22.5 and a PEG ratio of 0.56, suggesting an attractive valuation.