BofA raised the firm’s price target on NXP Semiconductors to $280 from $260 and keeps a Buy rating on the shares. In a broader note on the semi industry outlook for 2024, the firm said it sees a deceleration in EV demand but resilience and content growth across all cars, benefitting NXP.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NXPI:
- NXP Semiconductors CFO Betz sells over $900K in company shares
- NXP Semiconductors price target raised to $250 from $240 at TD Cowen
- Semiconductor Market Predicted to Shrink in 2023; Rebound Expected in 2024
- NXP Introduces the Next Generation of Automotive Ultra-Wideband ICs Combining Secure Ranging and Short-Range Radar
- NXP Semiconductors Announces Quarterly Dividend