Analyst Stacy Rasgon from Bernstein maintained a Sell rating on Texas Instruments (TXN – Research Report) and keeping the price target at $140.00.
Stacy Rasgon has given his Sell rating due to a combination of factors impacting Texas Instruments. Despite the company’s strong Q1 performance and optimistic guidance for Q2, Rasgon expresses concerns about the sustainability of these results. He highlights the potential risks associated with tariff dynamics and macroeconomic uncertainties, which could challenge the company’s future performance.
Furthermore, Rasgon points out that Texas Instruments’ current valuation appears high, making the risk-reward balance unfavorable. He notes that the company’s actions, such as increasing utilizations and inventory levels, could backfire if the macroeconomic situation worsens. As a result, Rasgon maintains a cautious outlook with a price target of $140, suggesting that the shares are fully valued in the current environment.
According to TipRanks, Rasgon is a 5-star analyst with an average return of 19.8% and a 57.08% success rate. Rasgon covers the Technology sector, focusing on stocks such as Intel, Nvidia, and Texas Instruments.
In another report released on April 22, Barclays also downgraded the stock to a Sell with a $125.00 price target.