NXP Semiconductors NV (NXPI) PT Lowered to $170 at Stifel

Stifel analyst Tore Svanberg lowered the price target on NXP Semiconductors NV (NASDAQ: NXPI) to $170.00 (from $210.00) while maintaining a Hold rating.

The analyst commented, “We believe NXPI to be a ‘late corrector’ relative to SMID cap companies in our coverage that were challenged with a steeper reset. While Non-GAAP GMs were lowered less than feared, we believe GM upside/expansion remains limited NT, especially while lead-times remain short. Therefore, we maintain our Hold rating at this time, pending more sustained recovery in end demand. 12-month target price of $170 (from $210), based on a 13.6x CY26E P/E multiple.”

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