BUZZ - Broker Views: Texas Instruments Turns Demand Recovery into a Comprehensive Growth Story
路透社2026/10/22 09:36October 22 - ** Texas Instruments (TXN.O) forecast on Wednesday that fourth quarter revenue (link) will exceed Wall Street expectations, indicating a recovery in industrial chip demand and increasing momentum in its AI-driven data center business
** The median target price given by 36 brokerages is $320 — data compiled by London Stock Exchange Group (LSEG)
The best performance may still be yet to come
** JPMorgan (maintains "Overweight" rating, target price $365) said it expects continued strength in the industrial, automotive, and data center markets in the fourth quarter, and believes that with robust demand and customer restocking not yet begun, there is still significant upside potential through 2027
** Jefferies ("Hold", target price: $300) said that thanks to further recovery in industrial demand, an increased share from the data center business, low automotive inventory, and ongoing price negotiations, TXN is well positioned for a long-term upward cycle lasting through 2027, making the outlook for next year ever more optimistic
** TD Cowen ("Buy", target price: $330) stated that TXN has a solid foundation for long-term growth, and its manufacturing capabilities and technical strengths are expected to drive significant increases in revenue and free cash flow over the next few years
** Morgan Stanley ("Underweight", target price: $278) said that, since Analog Devices adopts a business model with lower capital intensity and higher returns, they still prefer that company, but believe Texas Instruments (TXN) also has upside potential, as its strategy is likely to benefit from a stronger industry cycle
(To facilitate non-native English speakers, Reuters automatically translates its reports into several other languages. Because automated translation may be inaccurate or lack required context, Reuters does not guarantee the accuracy of translated texts; these are provided solely for readers’ convenience. Reuters bears no responsibility for any damage or loss caused by the use of automated translation functions.)
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