Texas Instruments Reset 'Not A Shocker,' Analysts Lower Guidance After Q4 Earnings
Portfolio Pulse from Priya Nigam
Texas Instruments Inc (NASDAQ:TXN) shares fell in premarket trading after Q4 earnings report. Analysts from Cantor Fitzgerald, Mizuho Securities, Truist Securities, KeyBanc, and Stifel adjusted their ratings and price targets, mostly downward, due to lower revenue guidance and concerns over continued weakness in the Industrial and Automotive sectors. The company's revenue guidance was cut, with expectations of further declines, and free cash flows are under pressure.
January 24, 2024 | 4:49 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Texas Instruments reported lower than expected Q4 results and reduced revenue guidance, leading to a premarket stock price decline. Analysts have adjusted their price targets and ratings, indicating concerns over the company's short-term performance.
The negative reaction in premarket trading suggests that investors are concerned about the reduced revenue guidance and the potential impact of continued weakness in key sectors. Analysts' downgrades and lowered price targets reflect a consensus view that the stock may face short-term headwinds.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100