Street View: Texas Instruments turns demand revival into a full-blown growth narrative

Texas Instruments

Today 10:26

** Texas Instruments TXN.O forecast Q4 revenue above Wall Street estimates on Wednesday, signaling a recovery in industrial chip demand and growing momentum in its AI-driven data center business
** Median PT of 36 brokerages is $320 - LSEG-compiled data

BEST MAY BE YET TO CHIP
** JP Morgan ("overweight," PT: $365) says it expects continued strength across industrial, automotive, and data center markets into Q4, and sees significant upside potential into 2027 as demand remains strong and customer restocking has yet to begin
** Jefferies ("hold," PT: $300) says TXN is well positioned for a prolonged upcycle into 2027, supported by further recovery in industrial demand, growing data center exposure, lean auto inventories and ongoing pricing discussions, making the outlook for next year increasingly constructive
** TD Cowen ("buy," PT: $330) says TXN is well-positioned for long-term growth, with its manufacturing capacity and technology capabilities expected to drive meaningful revenue and free cash flow growth over the coming years
** Morgan Stanley ("underweight," PT: $278) says it continues to prefer Analog Devices for its less capital-intensive business model and higher returns, but sees potential upside for TXN as its strategy could benefit from a stronger industry cycle

 (Reporting by Kanishka Ajmera in Bengaluru)
 ((Kanishka.Ajmera@thomsonreuters.com))