NXP Semiconductors stock price target lowered to $245 at BofA Securities
BofA Securities has lowered its price target on NXP Semiconductors NV (NASDAQ:NXPI) from $265.00 to $245.00, while maintaining a Buy rating. The new target aligns with InvestingPro’s Fair Value assessment, suggesting the stock remains undervalued despite investor concerns about limited cyclical momentum in core businesses and mixed Q4 results. NXP reaffirmed its CY24-27 target model, projecting significant sales growth fueled by strong demand and extending lead times in Industrial IoT.
https://www.investing.com/news/analyst-ratings/nxp-semiconductors-stock-price-target-lowered-to-245-at-bofa-securities-93CH-4482785