Texas Instruments shares surge 68% year-to-date as Truist raises target citing robust Q1 results and AI infrastructure growth.
Truist increased Texas Instruments’ (NASDAQ:TXN) share price target to $278 from $225 while maintaining a Hold rating. The adjustment follows the firm’s strong fiscal first-quarter results and optimistic second-quarter guidance.
Texas Instruments has seen shares rise 60% over the past year and 68% year-to-date. The bank noted demand from industrial users, data centers, and AI infrastructure as key growth drivers. The company’s exposure to the internet of things sector was also highlighted.
ClearBridge Investments added TXN to its portfolio in Q1 2026, citing long-term trends in the semiconductor sector and the firm’s strong free cash flow potential.