NXP Semiconductors (NXPI) is down: expect a recovery?
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NXPI share price plunged following a failed merger with Qualcomm. Many investors believe that the current market price significantly undervalues NXPI shares, so the company commenced on a significant buyback.
Following the deal termination, many analysts have issued price targets substantially higher than the current NXPI share price, and upgraded the stock to Buy. NXPI currently trades at a significantly lower valuation than its peers.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.