On Oct 23, major Wall Street analysts update their ratings for $Texas Instruments (TXN.US)$, with price targets ranging from $140 to $298.
Morgan Stanley analyst Joseph Moore maintains with a sell rating, and adjusts the target price from $154 to $167.
J.P. Morgan analyst Harlan Sur maintains with a buy rating, and maintains the target price at $230.
Barclays analyst Thomas O'Malley maintains with a hold rating, and maintains the target price at $200.
UBS analyst Timothy Arcuri maintains with a buy rating, and maintains the target price at $250.
Evercore analyst Mark Lipacis maintains with a buy rating, and adjusts the target price from $268 to $298.
Furthermore, according to the comprehensive report, the opinions of $Texas Instruments (TXN.US)$'s main analysts recently are as follows:
Texas Instruments delivered a performance that exceeded expectations for the September-ending quarter, with a notable strong performance in the automotive sector. However, there is uncertainty about the time frame in which the observed weakness in end demand will reflect on broad market analog suppliers. It has been noted that industrial sectors are exhibiting unexpected weakness, whereas the automotive sector has shown resilience. There is an anticipation that these trends might shift moving forward.
The opinion suggests that Texas Instruments' automotive segment has experienced growth in China, with a 20% increase over the previous two quarters. However, this positive performance is balanced by a weaker Industrial segment, resulting in a perception that the stock remains relatively costly.
The recommendation to increase holdings in Texas Instruments comes with expectations that the company's Q4 revenues will surpass the upper limit of its forecasted range. Analysts suggest that Texas Instruments is positioned to enter a period characterized by surpassing expectations and providing positive forecast adjustments through the year 2025.
Sequential revenue growth is observed in all end-markets except industrial, which company management and their peers are promoting as a sign of a cyclical recovery. It is argued that these sequential comparisons are indicative of shipments aligning more closely with actual end-demand after a period of substantial undershipping.
Here are the latest investment ratings and price targets for $Texas Instruments (TXN.US)$ from 16 analysts:
Note:
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