Stifel analyst Tore Svanberg raised NXP Semiconductors’ price target to $210 from $170, citing a potential cyclical recovery in the semiconductor industry. The firm recommends an Overweight position in AI-related semiconductor stocks, with projected median revenue growth of 32% in 2025 and 17% in 2026. The pace of recovery, however, remains uncertain.
Read more at Yahoo Finance: NXP Semiconductors price target raised to $210 from $170 at Stifel