tiprankstipranks
Texas Instruments price target raised to $180 from $160 at Baird
The Fly

Texas Instruments price target raised to $180 from $160 at Baird

Baird analyst Tristan Gerra raised the firm’s price target on Texas Instruments to $180 from $160 and keeps a Neutral rating on the shares. The analyst noted the company continues to build capacity to increase internal inventory levels to a targeted incremental $1B-$2B, in order to stabilize lead times. This demonstrates a continued upcycle environment, despite weak demand trends, and is uncharacteristic of a semi downcycle where oversupply negatively impacts lead times, pricing, and gross margin.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on TXN:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles