Key Takeaways:
Mizuho Securities raised its price target on Texas Instruments Inc. (NASDAQ:TXN) to $300, joining a broad Wall Street trend of upward revisions for the chipmaker.
In a note to clients on Tuesday, the bank maintained its Neutral rating on the shares but lifted its price target by 17.6% from a prior $255.
The move follows similar upgrades from over a dozen firms, including Stifel, which set a $340 target, and TD Cowen, which raised its target to $300. The wave of optimism has pushed TXN shares near a 52-week high, with the stock opening Friday's session at $302.73. Mizuho also raised its target on peer STMicroelectronics (NYSE:STM) to $68 from $56.
The series of upgrades shows growing analyst conviction in a semiconductor industry rebound, fueled by demand from AI data centers and a recovery in industrial markets. While the stock has rallied significantly, some analysts remain cautious, pointing to high capital spending plans that could weigh on free cash flow.
The consensus "Hold" rating, according to MarketBeat.com, suggests Wall Street is weighing the positive demand signals against valuation and capex concerns. Investors will be watching Texas Instruments' next earnings report for confirmation that revenue and margin trends can justify the higher price targets.
This article is for informational purposes only and does not constitute investment advice.
