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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on NXPI:
- NXP Semiconductors price target lowered to $170 from $175 at Susquehanna
- NXP Semiconductors price target raised to $210 from $200 at Cowen
- NXP Semiconductors price target raised to $168 from $160 at Stifel
- NXP Semiconductors price target raised to $205 from $195 at Credit Suisse
- NXP Semiconductors price target raised to $180 from $150 at Citi