Analog Devices stock jumps 4% as BofA lifts target and chip shares rebound
NEW YORK, January 21, 2026, 15:10 EST — Regular session. Shares of Analog Devices Inc climbed 4.1% to $307.85 in Wednesday afternoon trading, gaining roughly $12 compared to Tuesday’s close. The rally followed a steep selloff the day before, sparked by tariff threats and new political developments. Anthony Saglimbene, chief market strategist at Ameriprise Financial, called it “indicative of a…