NXP Semiconductors price target raised to $380 from $340 at Cantor Fitzgerald

Cantor Fitzgerald analyst Matthew Prisco raised the firm’s price target on NXP Semiconductors (NXPI) to $380 from $340 and keeps an Overweight rating on the shares. The analog semiconductor cycle has turned in Q1, with broad-based beats and raises driven by strength in industrial and data center end markets, signaling a fifth consecutive quarter of above-seasonal growth and reinforcing improving cyclical indicators such as pricing, lead times, and order strength, though the segment still faces an uphill challenge outperforming more AI-levered areas, the analyst tells investors in a research note.