Needham Maintains Buy on NXP Semiconductors, Raises Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton has maintained a Buy rating on NXP Semiconductors (NASDAQ:NXPI) and increased the price target from $250 to $280.

May 01, 2024 | 9:31 am
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Needham's analyst Quinn Bolton reaffirmed a Buy rating on NXP Semiconductors, raising the price target to $280 from $250.
The increase in price target by a reputable analyst like Quinn Bolton suggests a strong confidence in NXP Semiconductors' future performance. This endorsement is likely to positively influence investor sentiment and potentially drive up the stock price in the short term.
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