Barclays analyst Tom O’Malley raised the firm’s price target on NXP Semiconductors (NXPI) to $295 from $255 and keeps an Overweight rating on the shares post the earnings report. The company is confident in double-digit sales growth through 2027, supported by accelerated growth drivers, end-market recovery, new products, and data center traction, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NXPI:
- NXP Semiconductors price target raised to $315 from $265 at Deutsche Bank
- NXP’s Growth Story Reignited: Buchalter Reiterates Buy, Lifts Price Target from $250 to $310 on Strengthening Demand and Structural Growth Drivers
- NXP Semiconductors price target raised to $300 from $265 at Jefferies
- Closing Bell Movers: Seagate, Starbucks rally on earnings
- NXP Semiconductors reports Q1 non-GAAP EPS $3.05, consensus $2.98