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Fly News Breaks for October 1, 2018
XLNX
Oct 1, 2018 | 08:39 EDT
BofA/Merrill analyst Vivek Arya raised his price target on Xilinx to $95 and kept his Buy rating ahead of this week's 2nd annual Developer Forum hosted by the company. The analyst says Xilinx could offer a "positive" update with a potential "customer and/or product announcements related to the initial production of its new Project Everest chip for data center accelerator boards". While he does not anticipate any financial updates in the wake of its recent Analyst Day projections, Arya notes that Xilinx could also offer more detail around its data center opportunity after indicating that its acceleration boards may contribute to data center sales doubling to $500M-600M in sales.
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