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Apr 23, 2026 12:30 PM

Texas Instruments Stock Rallies After Q1 Beat On Strong Industrial And Data Center Demand

Shares of Texas Instruments Inc (NASDAQ:TXN) rallied in early trading on Thursday, after the company on Wednesday reported upbeat first-quarter results.

Here are the key analyst insights:

Rosenblatt Securities analyst Kevin Cassidy reiterated a Buy rating, while lifting the price target from $240 to $330.

JPMorgan analyst Harlan Sur maintained an Overweight rating, while raising the price target from $227 to $280.

Check out other analyst stock ratings.

Rosenblatt Securities: Texas Instruments delivered a strong beat and raise quarter, as the company responded to rising industrial and data center demand, Cassidy said in a note. The first quarter revenues grew 9.1% sequentially and 18.6% year-on-year to $4.83 billion, while gross margins expanded by 210 basis points (bps) and 120 bps year-on-year to 58.0%, both coming in higher than consensus estimates of $4.53 billion and ...