Reported 2 days ago
Stifel analyst Tore Svanberg has raised the price target for NXP Semiconductors (NXPI) from $170 to $210 while maintaining a Hold rating on the shares. The semiconductor industry is showing signs of recovery after an inventory correction, although the extent and speed of this recovery remain uncertain. The analyst also emphasizes an Overweight position in AI-related semiconductor stocks, projecting substantial revenue growth for these companies in the coming years.
Source: YAHOO