Fly News Breaks for January 29, 2020
Jan 29, 2020 | 08:39 EDT
Baird analyst Tristan Gerra said Xilinx reported Q3 results that were above his expectations but noted guidance missed. He said the secular 5G infrastructure growth theme remains intact and is in the early innings. The analyst said his checks indicate broad-based wins for its Versal RF products and its market share gains continue to grow. The missed guidance has reset expectations and created an attractive entry point for investors. Gerra reiterated his Outperform rating and $105 price target on Xilinx shares.
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