Analyst Quinn Bolton of Needham maintained a Buy rating on NXP Semiconductors (NXPI – Research Report), reducing the price target to $225.00.
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Quinn Bolton’s rating is based on several factors that suggest a positive outlook for NXP Semiconductors despite some uncertainties. The company has demonstrated a modest performance improvement, indicating the beginning of a cyclical recovery. This recovery is supported by stable customer orders, which have not been directly impacted by tariffs, although there is some uncertainty regarding indirect effects.
Furthermore, the appointment of Rafael Sotomayor as the new President & CEO is seen as a positive leadership change that could drive the company forward. Despite the uncertainty surrounding tariffs, the signs of cyclical improvement are strong enough to warrant a Buy rating. The price target has been adjusted to $225, reflecting a valuation based on expected earnings in the coming years.
According to TipRanks, Bolton is a 4-star analyst with an average return of 7.2% and a 41.01% success rate. Bolton covers the Technology sector, focusing on stocks such as Intel, Maxlinear, and Microchip.
In another report released today, Citi also reiterated a Buy rating on the stock with a $220.00 price target.