UPDATE: Auriga Raises Price Target on Xilinx to $42
According to Auriga, Xilinx (NASDAQ: XLNX) price target is raised to $42.
Auriga said that it maintains its Buy rating and increases its price target to $42 from $40 for Xilinx (XLNX), following an upbeat analyst day. “We raise our above consensus FY14 estimates on improving service provider trends and expect XLNX to grow top-line at 10% CAGR over the next five years.”
Xilinx closed yesterday at $36.45.
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