Jun. 29 at 11:50 AM
$NXPI NXP Semiconductors price target raised to
$400 from
$380 at Cantor Fitzgerald
Cantor Fitzgerald raised the firm's price target on NXP Semiconductors to
$400 from
$380 and keeps an Overweight rating on the shares. The AI infrastructure buildout is viewed as a generational semiconductor cycle that is both durable and extended by supply chain constraints, with expectations for faster-than-previously-forecast industry revenue expansion reaching roughly
$3T by CY29 and potentially exceeding
$3.5T by CY30, the analyst tells investors in a research note.
