tradingkey.logo

BUZZ-NXP Semiconductors rises, Morgan Stanley upgrades to 'overweight'

ReutersFeb 12, 2025 11:46 AM

Shares of chipmaker NXP Semiconductors NXPI.O rise 3.3% to $218.01 in premarket trading

Morgan Stanley upgrades NXPI to "overweight" from "equal weight"; hikes PT to $257 from $231

Brokerage says that cyclical and secular tailwinds are aligning for NXPI

"With customer inventory digestion largely behind them, we think NXP is set up well to outgrow auto semis in 2025," Morgan Stanley says

23 of 32 brokerages rate the stock "buy" or higher, 9 "hold"; their median PT is $250

Stock had fallen 9.5% in 2024

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI