Argus analyst Jim Kelleher raised his price target on Xilinx to $110 and kept his Buy rating, saying the company continues to further facilitate the development of AI and machine learning. The analyst is also positive on the company's position in delivering "FPGA-enabled applications acceleration to the cloud data centers", adding that while the stock has held better than most semiconductor names in the tech-sector weakness, the shares still offer good value. Kelleher contends that the growth and margin prospects of Xilinx remain intact on expanding higher volumes.