Stifel analyst Tore Svanberg raised the firm’s price target on Texas Instruments (TXN) to $200 from $170 and keeps a Hold rating on the shares as part of the firm’s Q4 earnings preview for the analog, connectivity and processors group. The firm sees analog appetite returning, even as AI infrastructure remains strong and edge AI becomes “more of a reality,” the analyst tells investors in the preview.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TXN:
- Texas Instruments transferred with Buy rating at Citi
- Texas Instruments price target raised to $185 from $170 at Wells Fargo
- Texas Instruments price target raised to $140 from $125 at Barclays
- Why Rare Earths Are Back at the Center of U.S.-China Tensions and Market Risk
- Texas Instruments introduces new automotive semiconductors, resources