Mizuho analyst Vijay Rakesh raised the firm’s price target on Texas Instruments to $185 from $165 and keeps a Neutral rating on the shares. The analyst sees auto demand, particularly for electric vehicles and advanced driver-assistance systems, persisting into 2024 and sustaining high prices for SiC, radars and sensors. The firm sees pricing pressure for non-auto analog likely increasing in 2024 without better supply.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TXN:
- Texas Instruments board declares third quarter 2023 quarterly dividend
- Analyst Sees Nvidia Revitalizing AI Stocks during Earnings Season
- Texas Instruments initiated with a Peer Perform at Wolfe Research
- Citi opens five semiconductor ‘catalyst watches’ into Q2 earnings
- SCHD vs. VYM: Which is the Better Dividend ETF?
Questions or Comments about the article? Write to editor@tipranks.com