Jul. 11 at 3:28 PM
$TXN $SOXX Texas Instruments (TXN -0.01%) remains a strong buy, says TD Cowen, even after a 17% YTD rally. Analyst Joshua Buchalter upgraded the stock to Buy from Hold and raised the price target from
$200 to
$245.
He highlighted TXN’s resilient margins, strong execution, and diversified customer base across sectors like autos, industrials, and consumer tech. Buchalter noted that free cash flow should rise quickly as demand returns, thanks to prior capacity investments.
Despite short-term uncertainty from tariffs and geopolitics, management doesn’t expect a near-term revenue hit.
TXN is up 17% in 2025 vs. SOXX’s 14%, reinforcing its role as a tech bellwether and top recovery play.