TI Data-Center Sales Surge 90%, Susquehanna Lifts Target to $340
TXN sits 91% above its 52-week low of $152.73.
Summary
Texas Instruments' data-center business, driven by power-management and analog chips, jumped 90% year-over-year in Q1, fueling expectations for a record $5.3 billion quarter. Susquehanna raised its price target to $340 from $300, reflecting confidence in the segment's momentum. This follows an earlier report today highlighting data-center demand as a key driver for the upcoming Q2 results. The specific growth figure and the fresh analyst upgrade add new conviction to the bullish narrative ahead of earnings.
At the time of this announcement, TXN was trading at $291.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $265.1B. The 52-week trading range was $152.73 to $334.03. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.