Wells Fargo raised the firm’s price target on NXP Semiconductors (NXPI) to $260 from $250 and keeps an Overweight rating on the shares. The firm thinks NXP’s demand commentary was more positive than initially suggested in Q3 2025 guide. With a soft Q4 2025 guide for seasonal growth plus channel refill optionality, cycle-driven estimated upside with accelerating operating leverage will be key driver of shares, Wells adds.
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