Morgan Stanley analyst Joseph Moore said the consensus view now is that Xilinx is "a 5G play with a data center overlay" and that the Street view has turned more cautious as the company has been clear about some of the short-term 5G headwinds. However, he contends that the reason to own the stock is the broader migration to SOC related businesses that have "much longer legs than 5G." He believes taking Huawei mostly out of the forecast derisks the overall 5G wireless exposure and he sees double digit growth potential this year even given the current trade concerns, Moore tells investors. He has an Overweight rating and $134 price target on Xilinx shares.