Baird Remains Bullish on Xilinx (XLNX) After Meeting with Management

Baird maintained an Outperform rating and $52.00 price target on Xilinx (NASDAQ: XLNX) after meeting with management this week. The company expects to expand its market share in ADAS going forward. ADAS currently represents 4% of Xilinx's total revenue. Zynq has the capability to process multiple input signals from radars, lidars, and cameras.

Analyst Tristan Gerra commented, "Reiterating Outperform rating on our expectation of continued share gains stemming from both node execution (winning three consecutive node migration) and industry consolidation, along with secular growth drivers including ADAS, data center, and 5G. We believe Xilinx is engaged with all leading hyperscale data center providers and is in production with three of them."

For an analyst ratings summary and ratings history on Xilinx click here. For more ratings news on Xilinx click here.

Shares of Xilinx closed at $46.84 yesterday.

You May Also Be Interested In

• Lake Street Capital Markets Starts Research Solutions Inc. (RSSS) at Buy
• Spotify (SPOT) PT Raised to Street High $400 at Pivotal Research
• Zillow Group (ZG) PT Lowered to $53 at BofA Securities