There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on NXP Semiconductors (NXPI – Research Report) and Freshworks (FRSH – Research Report) with bullish sentiments.
NXP Semiconductors (NXPI)
TD Cowen analyst Joshua Buchalter maintained a Buy rating on NXP Semiconductors yesterday and set a price target of $270.00. The company’s shares closed last Tuesday at $223.00.
According to TipRanks.com, Buchalter has 0 stars on 0-5 stars ranking scale with an average return of
Currently, the analyst consensus on NXP Semiconductors is a Moderate Buy with an average price target of $240.47, representing an 8.8% upside. In a report issued on January 22, Cantor Fitzgerald also initiated coverage with a Buy rating on the stock with a $260.00 price target.
See the top stocks recommended by analysts >>
Freshworks (FRSH)
In a report released yesterday, Brent Thill from Jefferies maintained a Buy rating on Freshworks, with a price target of $30.00. The company’s shares closed last Tuesday at $21.82.
According to TipRanks.com, Thill is a 1-star analyst with an average return of
Freshworks has an analyst consensus of Strong Buy, with a price target consensus of $27.17, representing a 25.6% upside. In a report issued on January 26, J.P. Morgan also maintained a Buy rating on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on NXPI:
- NXP Semiconductors sees Q1 EPS $2.97-$3.38, consensus $3.15
- NXP Semiconductors reports Q4 EPS $3.71, consensus $3.63
- NXP Semiconductors Reports Fourth Quarter and Full-Year 2023 Results
- NXP Semiconductors options imply 5.2% move in share price post-earnings
- Options Volatility and Implied Earnings Moves Today, February 05, 2024
