Rosenblatt Securities Believes Xilinx (NASDAQ: XLNX) Still Has Room to Grow

Rosenblatt Securities analyst Hans Mosesmann maintained a Buy rating on Xilinx (XLNXResearch Report) on October 15 and set a price target of $130.00. The company’s shares closed last Friday at $118.02, close to its 52-week high of $123.78.

According to TipRanks.com, Mosesmann is a top 100 analyst with an average return of 21.7% and a 67.9% success rate. Mosesmann covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Texas Instruments, and Monolithic Power.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Xilinx with a $118.55 average price target, implying a 0.0% upside from current levels. In a report issued on October 9, Robert W. Baird also reiterated a Buy rating on the stock with a $120.00 price target.

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The company has a one-year high of $123.78 and a one-year low of $67.68. Currently, Xilinx has an average volume of 2.38M.

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Xilinx, Inc. engages in the design and development of programmable logic semiconductor devices and the related software design tools. It also provides design services, customer training, field engineering, and technical support. The company was founded by Ross Freeman, Bernard Vonderschmitt, and James V. Barnett in February 1984 and is headquartered in San Jose, CA.