DZ Bank upgrades Texas Instruments to Hold with $300 price target, shares slip
DZ Bank raised its rating on Texas Instruments (TXN) from Sell to Hold and set a $300 price target, prompting the stock to fall 0.32% to $307.91. The chip maker reported third‑quarter revenue of $6.055 billion, up 28% year‑over‑year, with an operating margin of 47.5%. Management forecast fourth‑quarter revenue between $5.80 billion and $6.30 billion. Analysts noted the upgrade eases bearish pressure but highlighted the high valuation.
Why it matters
The $300 target is below the current share price, limiting upside potential for investors. The Q4 revenue guidance sets expectations for near‑flat growth, which could influence valuation multiples.
Key facts
- 1DZ Bank upgraded Texas Instruments to Hold from Sell with a $300 price target. gurufocus.com
- 2Shares fell 0.32% to $307.91 at 11:15 a.m. ET on October 28. gurufocus.com
- 3Third‑quarter revenue was $6.055 billion, up 28% YoY. gurufocus.com
- 4Operating margin for the quarter was near 47.5%. gurufocus.com
- 5Fourth‑quarter revenue guidance is $5.80 billion–$6.30 billion. gurufocus.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.