Needham analyst Rajvindra Gill raised the firm’s price target on NXP Semiconductors to $235 from $200 and keeps a Strong Buy rating on the shares after its Q4 results. The analyst anticipates a robust auto segment in 2023 on a rebound in global auto production and growing attach rate of xEV to 35% from 26% in 2022, along with increasing ADAS adoption and selling price increases.
Published first on TheFly
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