The S&P 500 Index (US SPX 500 mini on FXOpen) set a new record yesterday, following the release of minutes from the latest Federal Reserve monetary policy meeting. As it became known, committee members would like to see inflation decline further; however, in their view, potential changes in trade and immigration policies could "complicate" the disinflation process.

Analog Devices (ADI) Shares Among Top Gainers

Amid predominantly bullish sentiment in the current US stock market, Analog Devices (ADI) shares surged by approximately 10% in a single day following the release of quarterly results. The company exceeded analysts' expectations on earnings per share by 5.5%, while gross revenue came in 2.68% above forecasts.

According to MarketWatch:
→ Analog Devices has increased its dividend by 8% and expanded its share buyback programme by $10 billion.
→ CEO Vincent Roche stated that "we have moved past the cyclical downturn, and the situation has turned in our favour," giving an optimistic outlook for the second half of 2025.

Technical Analysis of Analog Devices (ADI) Shares

The ADI stock chart shows that the price is forming a long-term upward trend (illustrated by the blue channel), with the following key observations:

→ The ongoing rise suggests a major breakout of the Bull Flag pattern, indicating a resumption of long-term growth following a correction.

→ The psychological level of $200 has shifted from resistance to support—a similar development could occur at the $240 level, where the current all-time high is located.

Analog Devices (ADI) Share Price Forecast

Analysts are mostly optimistic. According to Yahoo Finance:
→ 18 out of 29 surveyed analysts recommend buying ADI shares.
→ The average 12-month price target for ADI shares stands at $257.

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