Deutsche Bank raised the firm’s price target on NXP Semiconductors (NXPI) to $315 from $265 and keeps a Buy rating on the shares. The firm views the company’s Q1 report as solid. NXP provided a “surprising level of transparency into its rapidly growing Data Center business,” 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’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
- NXP Semiconductors sees Q2 EPS $3.29-$3.72, consensus $3.21