Truist Securities Raises Texas Instruments Price Target to $225
Truist Securities analyst William Stein raised the price target on Texas Instruments (NASDAQ: TXN) to $225.00 (from $195.00) while maintaining a Hold rating.
“Guides to better than just “stabilization” but it doesn’t look like an inflection; TXN guided well, but let’s not get crazy. TXN delivered ~inline Q4 results, and guided Q1 2% above consensus.
Bulls will focus the idea that TXN is guiding Q1 up q/q for the first time in ~15 years, but let’s get perspective: TXN delivered q/q growth in about half of the last 15 Q1 periods, and the guide is 3-4% above seasonal.
Good. Inline with our Q4 industry contact feedback. Better than “stabilization” but not an inflection, in our view.
CY27 EPS to $7.50 (from $7.06); PT to $225 (from $195) based on 30x (3x discount to now-elevated peers).
Hold.”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
