NXP Semiconductors (NXPI) is down: expect a recovery?

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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