Stifel Reiterates Hold Rating on Texas Instruments (TXN) Ahead of Q4 Print

Stifel analyst Tore Svanberg reiterated a Hold rating and $200.00 price target on Texas Instruments (NASDAQ: TXN).

The analyst commented, "Expect in-line results with slight potential upside relative to our $4.40bn revenue estimate (-7.3% q/q) and $1.27 NG EPS, reflecting tariff/geopolitical uncertainty and near-term margin pressure offset by positive indicators of broadbased industry recovery.For Mar Q, we believe TXN could provide a revenue outlook with upward bias relative to both our $4.31bn estimate (-2% q/q) and street consensus of $4.42bn, alongside NG EPS of $1.20 (vs. consensus of $1.29).We maintain our Hold on TXN and maintain our 12-month Target Price of $200, representing 35.3x CY26E P/E. Our view balances secular tailwinds in Data Center ($1.2bn annual rate) and MCHP’s positive recovery signals against near-term gross margin pressure from tactical under-loading. While the analog market appears to be turning the corner, choppy 1H26 macro dynamics and tariff uncertainty lead us to remain conservative."

For an analyst ratings summary and ratings history on Texas Instruments click here. For more ratings news on Texas Instruments click here.

Shares of Texas Instruments closed at $194.99 yesterday.

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