- Texas Instruments (TXN, Financial) reported a 7% stock jump after surpassing Q1 earnings expectations.
- Revenue growth of 11% was propelled by a 13% increase in analog sales.
- Future earnings projections for Q2 are between $1.21 and $1.47 per share.
Texas Instruments (TXN) made headlines with a substantial 7% surge in its stock price, following a stellar first-quarter earnings performance that outpaced market expectations. The tech giant reported a profit of $1.23 per share, while revenues soared by 11% to reach $4.07 billion. A key driver of this growth was a notable 13% increase in analog revenue. Looking ahead, the company anticipates second-quarter earnings to land between $1.21 and $1.47 per share.
Wall Street Analysts Forecast
Texas Instruments Inc (TXN, Financial) has captured the attention of Wall Street analysts, with 27 experts setting one-year price targets. The average target price is $190.23, ranging from a high of $284.00 to a low of $125.00. This average target suggests a potential upside of 25.28% from the current trading price of $151.85. For more in-depth analysis, visit the Texas Instruments Inc (TXN) Forecast page.
Despite the positive earnings report, the consensus recommendation from 36 brokerage firms results in a 2.8 rating for Texas Instruments Inc (TXN, Financial), positioning it within the "Hold" category. The rating scale ranges from 1 (Strong Buy) to 5 (Sell), providing investors with a balanced outlook on the stock.
According to GuruFocus estimates, the projected GF Value for Texas Instruments Inc (TXN, Financial) in the upcoming year is $162.04, indicating a potential upside of 6.71% from the current price of $151.845. GF Value represents GuruFocus' calculated fair value for the stock, based on historical trading multiples and anticipated business performance. For a comprehensive overview, visit the Texas Instruments Inc (TXN) Summary page.
