I rate NXP Semiconductors a buy with a $470 price target, implying 68% upside from current levels of $280. The biggest growth driver is automotive, where management expects revenue to grow from $7.2 billion in 2024 to about $9.5 billion by 2027. My model estimates that automotive content growth can contribute about $2.92 of incremental EPS, while industrial & IoT recovery can add another $0.76 of EPS.



