Mizuho Raises Texas Instruments (TXN) Price Target on Strong AI Server Demand
Mizuho has increased its price target for Texas Instruments (TXN) to $300 from $255, reiterating a Neutral rating, due to strong demand from AI data centers boosting the analog and memory markets. The firm noted that channel checks indicate analog chips are benefiting from AI server ramp-ups, and memory markets are seeing continued strength in NAND and DRAM. Texas Instruments also announced an agreement to acquire Silicon Labs, expected to close in Q1 2027, and reported Q1 2026 net income of $1.5 billion with strong cash reserves.
https://finance.yahoo.com/markets/stocks/articles/mizuho-raises-texas-instruments-txn-142808867.html