Texas Instruments’ price target remains steady, reflecting confidence in the company’s long-term fundamentals despite shifting economic conditions. Analyst sentiment incorporates a mix of optimism around disciplined inventory management as well as cautiousness due to margin pressures and muted growth visibility. Stay tuned to see how you can monitor ongoing updates to the Texas Instruments investment narrative.
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Recent analyst commentary on Texas Instruments reflects a diverse range of perspectives on the company’s current positioning and outlook. Below, we synthesize the main themes from the latest research updates.
🐂 Bullish Takeaways
Rosenblatt maintains a Buy rating for Texas Instruments, noting disciplined management even in the face of operational headwinds. Despite lowering the price target to $200 from $245, the firm points to inline results and confident handling of inventory and manufacturing assets as strengths.
JPMorgan keeps an Overweight rating and adjusted its price target to $210 from $225, citing solid September quarter revenue and a continued belief in Texas Instruments’ long-term positioning. The “conservative” forward outlook is seen as a prudent response to macro uncertainty rather than a signal of execution issues.
Wolfe Research remains constructive, reiterating an Outperform rating with a $230 price target. The firm recognizes that recoveries are underway in most major end markets, with the exception of automotive, and sees prudent inventory and wafer start management as indicative of operational discipline.
Morgan Stanley suggests potential upside if low customer inventories drive replenishment, even as it takes a more reserved view overall. The firm acknowledges the flat recovery slope but points to eventual positive momentum as order trends improve.
🐻 Bearish Takeaways
Mizuho downgraded Texas Instruments to Underperform, dropping the price target significantly to $150 from $200. The analyst raises concerns about the lack of near-term catalysts, premium valuation, slowing auto sales, ongoing competition in China, and tariff headwinds. Additionally, the company’s smaller footprint in high-growth segments like AI data centers is seen as a limitation.
Truist lowered its price target to $175 from $196 while maintaining a Hold rating, citing mixed quarterly results and fading margins. The analyst notes that while inventory levels have normalized, demand has not rebounded, and customers are not actively restocking, which limits prospects for near-term recovery.
Rosenblatt, while positive overall, highlights that margin pressures linked to reduced fab utilization are likely to persist in the short term as management seeks to balance inventory levels.
Morgan Stanley keeps an Underweight rating with a reduced target of $192 from $197, expressing caution over the underwhelming outlook for the September quarter and the challenging recovery trajectory presently facing the analog semiconductor sector, of which Texas Instruments is a key part.
Together, these perspectives underscore a broad consensus that Texas Instruments remains well-managed but faces ongoing challenges tied to margins, sector cycles, and macroeconomic headwinds. Bullish analysts reward the company’s execution and prudent financial management, while the more bearish voices warn that upside may be constrained until clearer growth catalysts emerge and pressures on margins begin to ease.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!
NasdaqGS:TXN Community Fair Values as at Nov 2025
U.S. officials are considering a delay to the planned 100% tariffs on imported semiconductors. This move would impact major manufacturers like Texas Instruments as policymakers weigh a more cautious approach to economic relations with China.
China is experiencing significant semiconductor shortages due to America’s chip export restrictions. In response, Chinese authorities are taking a more active role in managing the supply of critical chips and are prioritizing access for domestic companies.
Beijing has suspended export restrictions for one year on five key minerals essential to semiconductor manufacturing, including gallium and germanium. This decision has the potential to shift dynamics in the global supply chain.
The Chinese government now requires that state-funded data centers use only domestically produced AI chips and is moving to replace foreign chips in ongoing projects. This policy could affect international chipmakers such as Texas Instruments.
Fair Value: Unchanged at $189.56 per share, reflecting stable long-term outlook assumptions.
Discount Rate: Decreased slightly from 10.92% to 10.81%. This indicates a marginally lower perceived risk in future cash flows.
Revenue Growth: Remains stable at 9.43% per year with no significant change in growth expectations.
Net Profit Margin: Increased modestly from 33.85% to 33.86%, indicating a very minor improvement in profitability forecasts.
Future P/E: Increased slightly from 30.29x to 30.40x, suggesting a marginally higher valuation multiple placed on future earnings.
A Narrative is more than just numbers; it’s the story behind a company’s value. On Simply Wall St, Narratives let investors like you link a company’s unique business outlook to a forecast and a fair value, making complex investing simple. Narratives help you decide when to buy or sell by comparing fair value with today’s price, and they are always kept up to date as new data or news breaks.
See the latest insights and follow the original Texas Instruments Narrative to understand:
How disciplined inventory management and the possible delay of tariffs could support a modest recovery in revenue and margins.
Why investments in U.S. manufacturing and tax incentives could strengthen supply chains and drive long-term earnings growth despite industry risks.
The balance of bullish expectations for industrial and automotive chip demand, alongside competitive and geopolitical challenges that could impact future performance.
Read the full Texas Instruments Narrative on Simply Wall St’s Community: TXN: Inventory Discipline And Tariff Delay Will Support Modest Recovery Ahead
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include TXN.
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