Xilinx (XLNX) PT Raised to $169 at Rosenblatt
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
Rosenblatt analyst Hans Mosesmann raised the price target on Xilinx (NASDAQ: XLNX) to $169.00 (from $130.00) while maintaining a Neutral rating.
The analyst commented, "Xilinx's June quarter beat was well executed as strong sequential growth in DCG and ABC led the way. We continue to be encouraged by Xilinx's execution as key themes for 2021 (sticky socket wins in 5G radios, data center acceleration, and the data processing units) play right into the company's overall strategy. In addition, we continue to believe the AMD takeover of Xilinx is a great strategic fit that gets the combined companies to address a $110 billion TAM. We see a key aspect to the accelerated synergy is the combination at the software/compiler level, with AMD's ROCm and Xilinx's Vitas software platform can ease the design of highly complex solutions that use CPUs, GPUs, FPGAs, adaptive SoCs, and DPUs. We continue to believe the deal will likely get done and reiterate our Neutral rating. We raise our 12-month price target from $130 to $169 based on an AMD share price of $98 multiplied by the fixed exchange ratio of 1.7234 AMD shares per XLNX share."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Australian Pharma (API:AU) PT Raised to AUD1.55 at Credit Suisse
- Wipro Ltd. (WPRO:IN) (WIT) PT Raised to INR650 at CLSA
- Country Garden Services Holdings Company Limite (6098:HK) (CTRGF) PT Lowered to HK$95.30 at CLSA
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!