Morgan Stanley analyst Joseph Moore has adjusted the price target for Texas Instruments (TXN, Financial), reducing it from $165 to $146 while maintaining an Underweight rating on the stock. This revision comes amidst tepid progress in the analog market, which is now experiencing its seventh month of an anticipated upcycle.
Despite some gains, analog has only achieved a 2-point improvement compared to an average increase of 13 points seen in prior cycles, according to Moore. This muted recovery signals a lack of substantial rebound in the sector. Findings from a recent distributor survey also paint a cautious outlook, with indicators for growth in the upcoming June quarter looking flat compared to the March quarter. Respondents generally expect performance at the end of June to either match or fall short of typical seasonal outcomes.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 27 analysts, the average target price for Texas Instruments Inc (TXN, Financial) is $193.01 with a high estimate of $284.00 and a low estimate of $130.00. The average target implies an upside of 30.03% from the current price of $148.44. More detailed estimate data can be found on the Texas Instruments Inc (TXN) Forecast page.
Based on the consensus recommendation from 36 brokerage firms, Texas Instruments Inc's (TXN, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Texas Instruments Inc (TXN, Financial) in one year is $162.17, suggesting a upside of 9.25% from the current price of $148.44. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Texas Instruments Inc (TXN) Summary page.
