Cantor Fitzgerald raises NXP Semiconductors price target to $340
Cantor Fitzgerald has increased its price target for NXP Semiconductors (NASDAQ:NXPI) to $340 from $280, maintaining an Overweight rating, citing broad improvements across end markets and strong management commentary regarding future growth. The new target suggests an 18% upside from the current stock price of $288.50, driven by factors like software-defined vehicles, electrification, AI leverage, and better-than-expected gross margins. Other analysts from Truist Securities, TD Cowen, Raymond James, and Needham also raised their price targets, indicating a positive outlook on NXP's growth trajectory.
https://www.investing.com/news/analyst-ratings/cantor-fitzgerald-raises-nxp-semiconductors-price-target-to-340-93CH-4645833