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TXNTexas Instruments Incorporated
$279.58$255.3B
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Texas Instruments Incorporated (TXN) Research Brief

Wall Street consensus, price target range, and equity research thesis

Buy65 Analyst Coverage
Consensus Target
$325+16.2% Upside
Current: $279.58
Analyst Range
Low $225High $405
12-Month High/Low Spread
Ratings Mix
31 Buy·28 Hold·6 Sell
Earnings & Valuation
EPS Beat 12.0%
Forward P/E: 33.0x

Executive Summary & Research Take

Wall Street currently rates TXN buy with a 12-month price target of $325 (+16.2% upside). The sections below cover the bull case, key risks, and latest earnings context for Texas Instruments Incorporated.

Recent Analyst Actions

TXN Analyst Upgrades & Price Target Changes

4 of 4 analysts raised targets. Recent price target changes and ratings for TXN.

Updated Jun 2026
FirmActionRatingPrice Target
Wells FargoRaisedEqual-Weight$260$300
B of A SecuritiesRaisedBuy$320$370
Seaport GlobalInitiatedBuy$400
MizuhoRaisedNeutral$255$300

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Analyst Research Summary

Investment Thesis: Bull Case & Risk Factors

A structured look at the bull case, the risks, and the most recent earnings execution for TXN.

Current setup

TXN beat estimates last quarter. Below are the key reasons analysts remain constructive and the risks that could change that view.

Bull Case

What keeps the long thesis intact

  • Strong Q1 2026 PerformanceTXN reported a 19% year-over-year revenue increase and EPS exceeded estimates, indicating robust demand recovery.
  • Analyst Upgrades and TargetsStifel upgraded TXN to 'Buy' with a $250 target, while Bank of America set a $320 target, reflecting optimism about free cash flow growth.
  • Capital Expenditure Cycle CompletionThe nearing completion of TXN's heavy capex cycle is expected to lead to a significant boost in free cash flow in 2026.
  • Strategic AI PositioningTXN's acquisition of Silicon Laboratories is anticipated to enhance its technology stack and broaden its offerings in edge AI.
  • Solid Balance SheetTXN maintains a current ratio above 4, with debt well-covered by earnings, indicating financial stability.
  • Consistent Dividend IncreasesThe company has a strong history of returning capital to shareholders with 22 consecutive years of dividend increases.

Wall Street rates TXN buy, giving the bull case institutional backing from 65 analysts.

Watch Out For

What can break the setup quickly

  • Cyclical Industry DependenceTXN's performance is heavily reliant on the cyclical semiconductor industry, which poses risks during downturns.
  • Concerns Over Demand DestructionHigher memory costs may lead to demand destruction, impacting TXN's growth prospects.
  • Potential Overvaluation RisksSome analyses suggest TXN could be overvalued based on DCF analysis, raising concerns about its current price.
  • High Dividend and Cash Payout RatiosTXN's high dividend payout and cash payout ratios may limit its financial flexibility.
  • Competitive Market ChallengesThe semiconductor market is highly competitive, which may hinder TXN's ability to realize substantial pricing power.
  • Rising Inventory LevelsSharp increases in inventory levels may indicate a prolonged analog semiconductor correction.

Watch whether new negative commentary on TXN points to these structural risks or is simply reacting to short-term price moves.

TXN Earnings Reaction — What the Last Quarter Showed

Last Quarter

EPS
$2.14 vs $1.91 est.Beat 12.0%
Revenue
$5.5B vs $5.3B est.Beat 3.9%
Consensus-Based Analysis Tools

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TXN — Frequently Asked Questions

Quick answers to the most common questions about buying TXN stock.

What is the analyst consensus on TXN?
Verdict

TXN has modest upside — analysts rate it "Buy" with a $325 target, implying +16.2% from today's $279.58. This is informational only — verify the data and consider your own risk tolerance before deciding.

What are recent analyst rating changes for TXN?
Timing

Timing depends on your horizon, but the data signals are: consensus rating "Buy" with +16.2% upside to the $325 target. In the past 30 days, 4 of 4 covering analysts raised their price targets — a bullish signal.

What is the price target for TXN stock?
Price Target

TXN's consensus 12-month price target is $325, set by 65 Wall Street analysts. The bull case high is $405 and the bear case low is $225. From the current price of $279.58, this implies +16.2% upside.

Is TXN overvalued or undervalued?
Valuation

TXN appears undervalued — the $325 consensus target is +16.2% above today's $279.58. It trades at a forward P/E of 33.0x. Targets range from $225 (bear) to $405 (bull), reflecting different assumptions about growth and margins.

What were TXN's latest earnings results?
Earnings

TXN reports next quarter. Earnings-week moves are volatile — historically, analyst targets revise upward after a beat and downward after a miss. The current consensus is "Buy" with a $325 target. Consider position sizing rather than going all-in pre-print.

What is the bull case for TXN?
Coverage

Of 65 analysts covering Texas Instruments Incorporated (TXN): 0 Strong Buy, 31 Buy, 28 Hold, 6 Sell, 0 Strong Sell — a "Buy" consensus. The 12-month price target is $325 (range $225–$405). Bullish analysts outnumber bearish by more than 2-to-1.

What are the risks of investing in TXN?
Risks

6 of the 65 analysts covering TXN rate it Sell or Strong Sell. Common concerns include valuation stretch, slowing growth, and sector-specific headwinds — see the Bull vs. Risk cards above for the specific theses on Texas Instruments Incorporated.

Financial Data & Software Notice: VCP Scanner is an educational financial research database and stock screening software platform. VCP Scanner does not generate, recommend, or package trade decisions, buy/sell signals, or personalized investment advice. Consensus ratings and price targets reflect aggregated third-party Wall Street analyst research from public SEC filings. See our Terms of Service and Privacy Policy.