.July 22, 2024 10:26 AM

Rosenblatt analysts raised Texas Instruments’ price target to $250 from $210 with a Buy rating ahead of Q2 earnings on July 23. They expect the company to meet expectations and guide for mid-single-digit growth, citing a strategic focus on capacity expansion to support $30 billion in sales by 2026. Despite investor discontent, this strategy aims to address over 10% growth in industrial and automotive markets. Texas Instruments’ recent strong performance, outperforming the SOX index and rival ADI, indicates potential for a breakthrough, despite past underperformance compared to competitors.