Nordic Semiconductor price target raised to NOK 130 from NOK 125 at Barclays

Barclays analyst Simon Coles raised the firm’s price target on Nordic Semiconductor (NDCVF) to NOK 130 from NOK 125 and keeps an Equal Weight rating on the shares. The firm is “somewhat cautious” on European technology hardware into Q3 but says valuations on 2027 estimates “could provide support.” Artificial intelligence strength continues but Barclays sees little benefit for most of the group, the analyst tells investors in a research note. TSMC remains the analyst’s preferred stock in the sector.