NXP Semiconductors price target raised to $260 from $257 at Goldman Sachs

Goldman Sachs raised the firm’s price target on NXP Semiconductors (NXPI) to $260 from $257 and keeps a Buy rating on the shares. The firm cites the company’s Q4 earnings beat and contends that this quarter will mark the last cut in consensus EPS, also noting that the Street estimates should stabilize in Q2 before reverting higher in the second half of 2025 or first half of 2026, the analyst tells investors in a research note. Longer term, NXP Semiconductors looks well-positioned in what is a secularly growing Automotive semiconductor market given its exposure to ADAS and leadership positions in processors/MCUs, radar, connectivity and electrification while also offering material runway to expand margins, grow free cash flow, and allocate capital to shareholders, the firm added.