What the analyst said

Stifel analyst Tore Svanberg raised the price target on Texas Instruments (NASDAQ: TXN) to $370 (from $360) while maintaining a Buy rating.

“TXN printed a 3Q26 revenue beat, with sales of $6.06bn (+2.6% higher than our $5.90bn estimate), representing a +10.8% q/q increase with all end markets growing sequentially.Guided 4Q26E above expectations, with revenue midpoint of $6.05bn (-0.1% q/q), +7.9% higher than our prior $5.61bn estimate, and well above TXN’s 5-yr avg typical 4Q seasonality of -5.4% q/q.Investment Conclusion: TXN delivered an impressive quarter of strong FCF, with TTM FCF reaching $8.4bn (vs. $2.4bn in 3Q25), as the analog upcycle appears well in progress.

In our view, the print underscores that TXN’s heavy capex cycle is behind it, a timely dynamic as investors remain focused on capital returns, with cash being a key consideration.We reiterate our Buy rating and increase our 12-month target price to $370 (from $360), representing a 30.6x CY27E P/FCF multiple, which we believe is an appropriate metric for TXN as management prioritizes maximizing shareholder returns.”

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Where the price stands

TXN trades at $285. The 17 analysts who set a target in the last 3 months range from $250 to $405, with a median of $330. This $370 target is 12% above the median.

12-month window: day 1 of 365, closes on October 22, 2027.

Track record

This callOpen: TXN has not reached $370 yet. This 12-month target is scored on October 22, 2027.

Firm track recordStifel: 96% of its 28 targets at least a year old were reached within 12 months (#3 of 28 firms). Accuracy ranking →

Earnings reactionOne of 13 notes after Texas Instruments’s Oct 21 results: 9 of 13 raised targets. See every call →

Stifel on Texas Instruments

Stifel price targets on Texas Instruments

7 calls from January 28, 2026 to October 22, 2026. The target went from $215 to $370 (+72%). The rating moved from Hold to Buy.

Stifel targetTXN share price
  1. October 22, 2026 This noteTarget raised from $360 (+3%)Buy$370
  2. July 15, 2026Target raised from $340 (+6%)Buy$360
  3. May 15, 2026Target raised from $290 (+17%)Buy$340
  4. April 23, 2026Target raised from $250 (+16%)Buy$290
  5. April 9, 2026Upgraded to Buy, target raised from $215 (+16%)Buy$250
  6. February 25, 2026Kept the $215 targetHold$215
  7. January 28, 2026Earliest call shownHold$215
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Other analysts on Texas Instruments

Freedom BrokerBuy Upgraded, raised price target +27% · Oct 22 $330from $260 TruistHold Raised price target +2%, kept rating · Oct 22 $305from $300 BernsteinHold Raised price target +7%, kept rating · Oct 22 $310from $290 JP MorganBuy Raised price target +7%, kept rating · Oct 22 $365from $340 Morgan StanleySell Raised price target +9%, kept rating · Oct 22 $278from $255
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.