Xilinx Gets Price-Target Hike, Named A Top Chip Stock Pick For 2019

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A Wall Street firm on Monday named chipmaker Xilinx ( XLNX ) one of its "top five ideas for 2019" in the semiconductor sector. XInvestors with a 12-month time horizon are likely to make money in semiconductor stocks if buying today, Evercore ISI analyst C.J. "With another reset to earnings estimates combined with a vision for second-half 2019 recovery more of hope vs. evidence-based reality, we think we could retest lows into the February-May time frame," Muse said. Muse reiterated his outperform rating on Xilinx stock and upped his price target to 100 from 90. "Layer in thoughtful capital allocation through organic investments and M&A, and total revenues should exceed $4.5 billion by fiscal 2023.

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