Cantor Fitzgerald analyst C.J. Muse raised the firm’s price target on NXP Semiconductors to $290 from $270 and keeps an Overweight rating on the shares. Management set a low bar last quarter for the June quarter, resetting Street numbers, and Cantor continues to expect resiliency from NXP’s automotive business with best-in-class exposure to greatest secular opportunities within Auto, the analyst tells investors in a research note. The firm sees CY25 EPS is tracking to $16+ EPS vs. consensus of $15.75 and sees a clear catalyst in the upcoming November analyst day.
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