NXP Semiconductors guidance meets analyst estimates after Q4 results beat
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NXP Semiconductors NV (NXPI) PT Raised to $240 at JPMorgan
February 6, 2024 4:25 PM ESTJPMorgan analyst Harlan Sur raised the price target on NXP Semiconductors NV (NASDAQ: NXPI) to $240.00 (from $220.00) while maintaining a Neutral rating.
The analyst comments "NXP is navigating a soft landing despite the cyclical headwinds through a combination of sustained demand in its focus end markets, sustained pricing power/content gains, and disciplined supply chain/customer/channel management. This is a good example of where the team took control of the supply/demand imbalance early on in the downcycle by undershipping true end demand... More
