Texas Instruments Stock (TXN) Soars on Analyst Price Target Increases

Texas Instruments (TXN) stock saw major gains on Thursday after the semiconductor company received several analyst updates following its latest earnings report.

Let’s dig into the latest updates from Wall Street’s top analysts today.

• Goldman Sachs analyst James Schneider reiterated a Sell rating with a price target of $200, representing a possible 28.55% downside.
• Wells Fargo analyst Joseph Quatrochi reiterated a Hold rating with a price target of $260, representing a possible 7.12% downside.
• TD Cowen analyst Joshua Buchalter was assigned a Buy rating with a price target of $300, representing a possible 7.17% upside.
• Morgan Stanley analyst Joseph Moore reiterated a Sell rating with a price target of $221, representing a possible 21.05% downside.
• Robert W. Baird analyst Tristan Gerra reiterated a Buy rating with a price target of $300, representing a possible 7.17% upside.
• Wolfe Research analyst Chris Caso reiterated a Buy rating with a price target of $315, representing a possible 12.53% upside.
• Bank of America analyst Vivek Arya upgraded the stock to a Buy rating with a price target of $320, representing a possible 14.31% upside.
• KeyBanc analyst John Vinh reiterated a Buy rating with a price target of $325, representing a possible 16.10% upside.
• Rosenblatt Securities analyst Kevin Cassidy was assigned a Buy rating with a price target of $330, representing a possible 17.89% upside.
• Benchmark Company analyst Cody Acree reiterated a Buy rating with a price target of $315, representing a possible 12.53% upside.
• Stifel Nicolaus analyst Tore Svanberg reiterated a Buy rating with a price target of $290, representing a possible 3.60% upside.
• Barclays analyst Thomas O’Malley upgraded the stock to a Hold rating with a price target of $250, representing a possible 10.69% downside.
• Susquehanna analyst Christopher Rolland reiterated a Buy rating with a price target of $300, representing a possible 7.17% upside.
• J.P. Morgan analyst Harlan Sur reiterated a Buy rating with a price target of $280, representing a possible 0.03% upside.
• Truist Financial analyst William Stein was assigned a Hold rating with a price target of $278, representing a possible 0.69% downside.
• Mizuho Securities analyst Vijay Rakesh reiterated a Hold rating with a price target of $255, representing a possible 8.91% downside.
• Citi analyst Atif Malik was assigned a Buy rating with a price target of $280, representing a possible 0.03% upside.
• UBS analyst Timothy Arcuri reiterated a Buy rating with a price target of $295, representing a possible 5.38% upside.
• Cantor Fitzgerald analyst Matthew Prisco was assigned a Hold rating with a price target of $280, representing a possible 0.03% upside.
• Jefferies analyst Blayne Curtis reiterated a Hold rating with a price target of $260, representing a possible 7.12% downside.

Texas Instruments Stock Movement Today

Texas Instruments stock was up 19.34% on Thursday, extending a 63.62% year-to-date rally. The stock has also increased 45.85% over the past 12 months.

TXN stock also experienced heavy trading activity today, as some 13 million shares changed hands, compared to a three-month average daily trading volume of about 5.74 million shares.

Is Texas Instruments Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for Texas Instruments is Moderate Buy, based on 14 Buy, 10 Hold, and two Sell ratings over the past three months. With that comes an average TXN stock price target of $271.74, representing a potential 3.68% downside for the shares.