Jun. 29 at 12:03 PM
$TXN Texas Instruments price target raised to
$340 from
$300 at Cantor Fitzgerald
Cantor Fitzgerald analyst Matthew Prisco raised the firm's price target on Texas Instruments to
$340 from
$300 and keeps a Neutral rating on the shares. The AI infrastructure buildout is viewed as a generational semiconductor cycle that is both durable and extended by supply chain constraints, with expectations for faster-than-previously-forecast industry revenue expansion reaching roughly
$3T by CY29 and potentially exceeding
$3.5T by CY30, the analyst tells investors in a research note.
