Goldman Sachs Maintains Neutral on NXP Semiconductors, Raises Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has maintained a Neutral rating on NXP Semiconductors (NASDAQ:NXPI) and raised the price target from $240 to $275.
May 01, 2024 | 4:43 pm
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Goldman Sachs maintains a Neutral rating on NXP Semiconductors but increases the price target from $240 to $275.
The increase in the price target by Goldman Sachs suggests a positive outlook on the stock's potential value, likely leading to increased investor interest and potentially a short-term increase in the stock price. However, the Neutral rating indicates that the analyst sees limitations to the stock's upside potential in the near term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100