Texas Instruments (TXN) Tops Q3 EPS by 9c, Beats on Revenue; Offers Weak Q4 Guidance
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Go back to Texas Instruments (TXN) Tops Q3 EPS by 9c, Beats on Revenue; Offers Weak Q4 Guidance
October 23, 2024 9:32 AM EDT
BofA Securities analyst Vivek Arya lowered the price target on Texas Instruments (NASDAQ: TXN) to $215.00 (from $220.00) while maintaining a Neutral rating.
The analyst comments "Reiterate Neutral as: 1) we don't yet see the lift-off in TXN sales growth (largest segment industrial continues to decline), 2)... More
October 23, 2024 6:29 AM EDT
Baird analyst Tristan Gerra lowered the price target on Texas Instruments (NASDAQ: TXN) to $175.00 (from $200.00) while maintaining a Neutral rating.
The analyst comments "Cyclical recovery or shipment step-up back to end-demand levels? Sequential revenue growth in all of TI's end-markets except... More
October 23, 2024 6:14 AM EDT
Goldman Sachs analyst Toshiya Hari reiterated a Sell rating and $190.00 price target on Texas Instruments (NASDAQ: TXN).
The analyst comments "Although the sequential increase in 3Q24 Automotive revenue, primarily driven by strength in China, came as a positive surprise and the market may perceive TIs... More
October 23, 2024 5:55 AM EDT
Evercore ISI analyst Mark Lipacis raised the price target on Texas Instruments (NASDAQ: TXN) to $298.00 (from $268.00) while maintaining a Outperform rating.
The analyst comments "Expect 4Q Upside, We are Buyers. We recommend adding to TXN positions as we model 4Q revenues of $4.1B, above the high-end of the companys guided range of $3.7-4.0B. We show that in 4Q02, 4Q09, and 4Q20 TXN managed to generate revenues that were at or above the high-end of the guided range due to 1) 5-to-9 quarters of EMS and Disti inventory... More
